The Negotiable Instruments Law of Kentucky |
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Page 5
... payee . This statute , in so far as it requires a license for the sale of patent - rights , violates the Constitution of the United States ( Commonwealth v . Petty , 96 Ky . , 452 ; 29 S. W. , 291 ) but has been held not to violate it ...
... payee . This statute , in so far as it requires a license for the sale of patent - rights , violates the Constitution of the United States ( Commonwealth v . Petty , 96 Ky . , 452 ; 29 S. W. , 291 ) but has been held not to violate it ...
Page 6
... payee could compel payment of the note by the maker , if the designated fund should turn out to be insufficient . § 4. Determinable future time ; what constitutes . -An instrument is payable at a determinable future time , within the ...
... payee could compel payment of the note by the maker , if the designated fund should turn out to be insufficient . § 4. Determinable future time ; what constitutes . -An instrument is payable at a determinable future time , within the ...
Page 9
... payee who is not maker , drawer , or drawee ; or 2. The drawer or maker ( a ) ; or 3. The drawee ; or 4. Two or more payees jointly ; or 5. One or some of several payees ( b ) ; or 6. The holder of an office for the time being FORM AND ...
... payee who is not maker , drawer , or drawee ; or 2. The drawer or maker ( a ) ; or 3. The drawee ; or 4. Two or more payees jointly ; or 5. One or some of several payees ( b ) ; or 6. The holder of an office for the time being FORM AND ...
Page 10
... payee must be named or otherwise indicated therein with reasonable certainty ( d ) . Eaton and Gilbert , Com . Paper , 223. Norton , B. & N. , 59 , 60 , 61 . ( a ) A note payable to the order of the maker is not complete until indorsed ...
... payee must be named or otherwise indicated therein with reasonable certainty ( d ) . Eaton and Gilbert , Com . Paper , 223. Norton , B. & N. , 59 , 60 , 61 . ( a ) A note payable to the order of the maker is not complete until indorsed ...
Page 11
... payee , and , therefore , when negotiated by the maker , payable to bearer . ( b ) For example , an instrument payable to " cash , " or to " sun- dries , " or to " merchandise . " ( c ) As to what is an indorsement in blank , and its ...
... payee , and , therefore , when negotiated by the maker , payable to bearer . ( b ) For example , an instrument payable to " cash , " or to " sun- dries , " or to " merchandise . " ( c ) As to what is an indorsement in blank , and its ...
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The Negotiable Instruments Law of Kentucky (Classic Reprint) Charles M. Lindsay No preview available - 2017 |
Common terms and phrases
13 Bush acceptance for honor acceptor accommodation agent authority Bank of Kentucky Beattyville Bibb 6 Ky bills of exchange Bush 69 Ky Bush 71 Ky certificate changed the law Colorado constitutes Dana 33 Ky deemed delivery Deposit Bank discharged dishonored by non-acceptance District of Columbia dorser due course Eaton and Gilbert effect foreign bills give notice given holder in due Idaho indorsed in blank indorsement instru instrument payable Iowa law of Kentucky liable thereon Litt maker maturity ment Montana necticut Negotiable Instruments Law non-payment North Carolina North Dakota Norton notary notice of dishonor numbers Ohio paid Paper party secondarily liable payable on demand payable to bearer payee person primarily liable place of payment presented for acceptance presented for payment prior parties promissory notes protest provision Randolph Rhode Island Savings Bank signature Smith Stats supra Tennessee tion Virginia and Washington waiver warranties Wisconsin
Popular passages
Page 51 - Every person negotiating an instrument by delivery or by a qualified indorsement, warrants — 1. That the instrument is genuine and in all respects what it purports to be; 2. That he has a good title to it; 3. That all prior" parties had capacity to contract; 4. That he has no knowledge of any fact which would impair the validity of the instrument or render it valueless.
Page 53 - And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it.
Page 12 - In order, however, that any such instrument when completed may be enforced against any person who became a party thereto prior to its completion, it must be filled up strictly in accordance with the authority given and within a reasonable time. But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable...
Page 33 - Where an instrument is drawn or indorsed to a person as "Cashier" or other fiscal officer of a bank or corporation, it is deemed prima facie to be payable to the bank or corporation of which he is such officer; and may be negotiated by either the indorsement of the bank or corporation or the indorsement of the officer.
Page 107 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all, unless one has authority to accept or refuse acceptance for all, in which case presentment may be made to him only ; 2.
Page 102 - Where a drawee to whom a bill is delivered for acceptance destroys the same, or refuses within twenty-four hours after such delivery, or within such other period as the holder may allow, to return the bill accepted or nonaccepted to the holder, he will be deemed to have accepted the same.
Page 88 - By a valid tender of payment made by a prior party; 5. By a release of the principal debtor, unless the holder's right of recourse against the party secondarily liable is expressly reserved; 6. By any agreement binding upon the holder to extend the time of payment, or to postpone the holder's right to enforce the instrument unless made with the assent of the party secondarily liable, or unless the right of recourse against such party is expressly reserved.
Page 50 - Where a person, not otherwise a party to an instrument, places thereon his signature in blank before delivery he is liable as indorser, in accordance with the following rules: 1. If the instrument is payable to the order of a third person, he is liable to the payee and to all subsequent parties. 2. If the instrument is payable to the order of the maker or drawer, or is payable to bearer, he is liable to all parties subsequent to the maker or drawer.
Page 12 - Where the instrument is wanting in any material particular, the person in possession thereof has a prima facie authority to complete it by filling up the blanks therein. And a signature on a blank paper delivered by the person making the signature in order that the paper may be converted into a negotiable instrument operates as a prima facie authority to fill it up as such for any amount.
Page 105 - The holder may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken the drawer and indorsers are discharged from liability on the bill, unless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently assent thereto.