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TABLE OF CONTENTS.

PART I.

GENERAL NATURE AND HISTORY.

CHAPTER 1.

GENERAL DESCRIPTION OF NEGOTIABLE PAPER.

Sec. 1. Meaning of word “negotiable."
Sec. 2. Peculiarities of negotiable paper,

CHAPTER 2.

NEGOTIABILITY OF VARIOUS INSTRUMENTS.

A. General Types of Negotiable Instruments.

Sec. 3. Promissory notes.
Sec. 4. Bills of exchange.
Sec. 5. Checks.

B. Special Forms of Bills, Notes and Checks.

Sec. 6. In explanation.
Sec. 7. Certificates of deposit.
Sec. 8. Corporate and municipal bonds.
Sec. 9. Trade acceptances.
Sec. 10. Bank drafts.

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C. Documents of Title Made Negotiable by Statute.

Sec. 11. Negotiable documents of title.

D. Sundry Instruments Assignable but Not Negotiable.

Sec. 12. Certificates of corporate stock.
Sec. 13. Mortgages.

E. The Instruments Within the Scope of this Text.

Sec. 14. The negotiable instruments herein considered.

CHAPTER 3.

HISTORY AND ORIGIN OF COMMERCIAL PAPER.

Sec. 15. Continental origin and adoption in England. Sec. 16. Negotiable paper in the United States.

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A. "It Must be in Writing and Signed by the Maker or

Drawer.”

Sec. 18. Writing and signature.

B. “Must Contain an Unconditional Promise or Order."

Sec. 19. Unconditional promise or order.

(1) In general.
(2) Reference to transaction or consideration.
(3) Indication of fund, etc.

C. “To Pay a Sum Certain in Money."

Sec. 20. Sum certain.
Sec. 21. Payment in money.

(1) In general.
(2) To pay money and do something else.
(3) To pay money or do something else-

debtor's option.
(4) To pay money or do something else

holder's option. (5) What is money.

D. "Must be Payable on Demand or at a fixed or Determin

able Future Time."

Sec. 22. Demand paper.
Sec. 23. Fixed or determinable future time.

(1) In general.
(2) What constitutes fixed or determinable

future time.

E. "Must be Payable to Order or to Bearer.”

Sec. 24. In general.
Sec. 25. When payable to order.
Sec. 26. When instrument payable to bearer.

(1) When it is expressed to be so payable.
(2) When it is payable to a person named

therein or bearer.

(3) When it is payable to fictitious or non

existing person. (4) When name of payee does not purport to

be name of any person. (5) When the only or last indorsement is an

indorsement in blank.

F. “Where the Instrument Is Addressed to a Drawee, he

Must be Named or Otherwise Indicated Therein with
Reasonable Certainty."

Sec. 27. Meaning of provision.

CHAPTER 5.

EXPRESSION-NEGOTIABLE FORM (2) PROVISIONS WHICH

DO NOT PREVENT NEGOTIABILITY.

Sec. 28. In general.
Sec. 29. Provision authorizing sale of collateral securi-

ties.
Sec. 30. Reference to mortgage given as security.
Sec. 31. Provision authorizing confession of judgment.
Sec. 32. Waiving benefit of exemption and similar laws.
Sec. 33. Effect of affixing seal.
Sec. 34. Omission of date.
Sec. 35. Ante-dating and post dating.
Sec. 36. Technical rules of construction.

CHAPTER 6.

EXECUTION AND DELIVERY.

Sec. 37. Delivery essential.
Sec. 38. Delivery presumed in favor of holder in due

course.

Sec. 39. Incomplete instrument.

(1) Delivery of incomplete instrument, prima

facie authority to complete. (2) Delivery of incomplete instrument, ac

quisition by holder in due course.

(3) Incomplete instrument never delivered. Sec. 40. Delivery of complete instrument containing

uncancelled spaces. Sec. 41. Execution by agent.

CHAPTER 7.

CONSIDERATION FOR EXECUTION.

Sec. 42. Necessity for consideration.
Sec. 43. What may constitute consideration.
Sec. 44. Antecedent debt as consideration.
Sec. 45. Consideration presumed.
Sec. 46. Recital of consideration.
Sec. 47. Want of consideration and holder in due

course.

CHAPTER 8.

THE FORMATION OF THE CONTRACT OF THE ACCEPTOR.

Sec. 47a. In general.
Sec. 48. Definition of acceptance.
Sec. 49. How acceptance must or may be made.
Sec. 50. Acceptance presumed from retention.
Sec. 51. Kinds of acceptance.
Sec. 52. Effect of qualified acceptance.
Sec. 53. Acceptance of check.

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