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CHAPTER 9.

THE FORMATION OF THE CONTRACT OF PARTIES FOR ACCOMMODATION OR FOR HONOR.

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Sec. 61.

Sec. 62.

Sec. 63.

Effect of indorsement to transfer incidents.
Presumptions as to indorsements.
Miscellaneous rules concerning indorsement.

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Sec. 69.

Sec. 70.
Sec. 71.

Sec. 72.

CHAPTER 11.

HOLDER IN DUE COURSE.

Introduction,

Who is holder in due course..

Complete and regular upon its face.
Transferee must give value.

(1) Only necessary to make one holder in due

course.

(2) What constitutes value.

(3) Less than face value as value.
(4) Payment after notice.

Sec. 73. Transferee must take in good faith.
(1) In general.

(2) Payment of less than face value as showing bad faith.

(3) Knowledge that consideration is still unperformed.

Sec. 74. Transferee must acquire instrument before overdue.

Sec. 75.

Sec. 76.

Sec. 77.

Sec. 78.

(1) In general.

(2) When demand paper overdue.

(3) Interest overdue.

(4) Installment of principal overdue.

(5) Interest overdue and right to declare entire instrument due.

(6) Overdue paper sold in breach of trust. (7) How time computed.

Indorsement requisite.

Transferee of holder in due course as holder in due course.

Burden of proof as to whether one is holder in due course.

Amount recoverable by holder in due course.

CHAPTER 12.

DEFENSES AGAINST HOLDER IN DUE COURSE.

A. Defenses not Available Against Holder in Due Course— Personal Defenses.

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B. Defenses Available Against Holder in Due Course— Real Defenses.

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Of drawer of bill or check.

Of unqualified indorser.

Sec. 98.
Sec. 99.

Of acceptor.

Sec. 100.

Sec. 101.
Sec. 102.
Sec. 103.

Sec. 104.

Warranty where negotiation by mere delivery.
Contract of qualified indorser.

Contract of irregular indorser.

Order of liability among indorsers.

CHAPTER 14.

PRESENTMENT FOR PAYMENT AND FOR ACCEPTANCE.

Sec. 105. General statement.

A. Presentment for Payment at Maturity to Parties Primarily Liable.

Sec. 106. Not necessary to charge parties primarily

Sec. 108.

liable.

Sec. 107. Presentment for payment necessary to charge parties secondarily liable. What presentment sufficient. (1) Presentment by whom. (2) Date of presentment. (3) Hour of presentment. (4) Place of presentment. (5) To whom presented. (6) Instrument exhibited.

Sec. 109.

When presentment for payment not required. (1) Drawer no right to expect when.

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(2) Accommodation to indorser.

(3) Not possible with due diligence.
(4) Drawee fictitious.

(5) Waiver of presentment.

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B. Presentment of Bill for Acceptance.

Sec. 110. Presentment for acceptance necessary in certain cases.

Sec. 111. What presentment for acceptance sufficient. Party who must make.

(1)

(2)

Date of presentment

(3)

Hour.

(4) To whom.

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Protest necessary to charge drawer and indorser of foreign bill.

Sec. 119.

Sec. 120.

Who authorized to make protest.

Sec. 121.

Time, place and manner of protest.

Sec. 122.

Protest dispensed with or waived.

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