Problems and Materials on Commercial Paper |
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Page 130
... provides : " Where the holder of a check procures it to be accepted or certified the drawer and all endorsers are discharged from liability thereon . " Section 325 [ NIL 189 ] provides : " A check of itself does not op- erate as an ...
... provides : " Where the holder of a check procures it to be accepted or certified the drawer and all endorsers are discharged from liability thereon . " Section 325 [ NIL 189 ] provides : " A check of itself does not op- erate as an ...
Page 197
... provides , in pertinent part : " ( 1 ) Unless the indorsement otherwise specifies ( as by such words as ' without recourse ' ) every indorser engages that upon dishonor and any necessary notice of dishonor and protest he will pay the ...
... provides , in pertinent part : " ( 1 ) Unless the indorsement otherwise specifies ( as by such words as ' without recourse ' ) every indorser engages that upon dishonor and any necessary notice of dishonor and protest he will pay the ...
Page 269
... provides that the effect of the Code may be varied by agreement , and sec . 404.103 ( 2 ) provides that clearing - house rules have the effect of such agreements . Fletcher R. Andrews , Dean of the School of Law at Western Reserve ...
... provides that the effect of the Code may be varied by agreement , and sec . 404.103 ( 2 ) provides that clearing - house rules have the effect of such agreements . Fletcher R. Andrews , Dean of the School of Law at Western Reserve ...
Common terms and phrases
accepted Acme Machine action agent agreement altered amount appeal Arthur Adams assignment authority bank's bill of lading blank Bowl-Mor Byer Byer's cash cashier's check certification charge check drawn check payable checking account Citations omitted claim Clovis collecting bank Commercial Paper Company contract Crest damages delivered deposit Depositary Bank depositor draft drawee bank due course employee facts faith forgery funds Grocery holder in due indorsement Insured Intermediary Bank issued judgment jury liability loan loss ment National Bank negligence negotiable instrument negotiated the check Niederberger Nordstrom notice obligation paid party payee payee's payor bank person Peter Pringle Corporation plaintiff pre-Code presented the check Problem properly provides purchase question Read section reason received recover refused rule Seller signature signed statute stopped payment subsection supra tion took the check transaction transfer trial court Trust Uniform Commercial Code warranties Westmont Worthington Bank