The Law of Promissory Notes, Drafts, Checks, Etc |
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... a Set .. 169-172 PART XIII . Honor 173-179 PART XIV . Bills of Lading .. 180-182 Warehouse Receipts . 183-185 Certificates of Stock . 186 Letters of Credit ... 187 THE LAW OF PROMISSORY NOTES , CHECKS , DRAFTS , Contents.
... a Set .. 169-172 PART XIII . Honor 173-179 PART XIV . Bills of Lading .. 180-182 Warehouse Receipts . 183-185 Certificates of Stock . 186 Letters of Credit ... 187 THE LAW OF PROMISSORY NOTES , CHECKS , DRAFTS , Contents.
Page 33
... honor of a negotiable instrument falls on Sun- day or on a holiday , the act may be done on the next succeeding secular , or business day . ( Sec . 5. ) An instrument payable at a future time is within the meaning of the statute , which ...
... honor of a negotiable instrument falls on Sun- day or on a holiday , the act may be done on the next succeeding secular , or business day . ( Sec . 5. ) An instrument payable at a future time is within the meaning of the statute , which ...
Page 87
... true , however , as to a bank . We shall see later on that a bank is bound to honor its customers ' checks . Acceptor . The liability of the acceptor is exactly that of the maker of a promissory note ( 87 Liability of Parties.
... true , however , as to a bank . We shall see later on that a bank is bound to honor its customers ' checks . Acceptor . The liability of the acceptor is exactly that of the maker of a promissory note ( 87 Liability of Parties.
Page 98
... honor . De- livery is necessary , however , and all that is As to what a good delivery is , necessary . see page 24 . Warranty where negotiating by delivery . Every person negotiating an instrument by delivery , or by a qualified ...
... honor . De- livery is necessary , however , and all that is As to what a good delivery is , necessary . see page 24 . Warranty where negotiating by delivery . Every person negotiating an instrument by delivery , or by a qualified ...
Page 105
... honor ; but this does not preclude an agent from accepting for his principal if he is duly authorized . A partner may accept for his firm , though he must be authorized by the 105 Presentment of Drafts for Acceptance.
... honor ; but this does not preclude an agent from accepting for his principal if he is duly authorized . A partner may accept for his firm , though he must be authorized by the 105 Presentment of Drafts for Acceptance.
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Common terms and phrases
acceptance for honor Accepted Supra Protest acceptor accommodation party agent amount authority bank bearer instrument bill of exchange bill of lading bill or draft bill or note blank bona fide holder Borst ceptance certificates charge consideration contract courts debt debtor depositor discharged dorser draft or bill drawer and indorsers drawn duly February 29 fraud give notice given held hold holder for value immediate parties instance instru instrument payable James Robinson John Doe Jones law merchant liable maker maturity ment necessary negotiable instrument non-payment note or draft notice of dishonor notify paid paper pay the instrument payable on demand payee person place of business presented for payment promise to pay promissory note reasonable receipt recover refused residence Robinson & Co sentment signature signed statute strument sufficient sum certain supra protest thereon tion unless valid value without notice William Smith words York
Popular passages
Page 10 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 91 - 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 117 - Notice of dishonor is not required to be given to an indorser in either of the following cases : 1. Where the drawee is a fictitious person or a person not having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument; 2.
Page 173 - The acceptor for honor by such acceptance engages that he will on due presentment pay the bill according to the terms of his acceptance: Provided, It shall not have been paid by the drawee: And provided also, That it shall have been duly presented for payment and protested for non-payment and notice of dishonor given to him.
Page 116 - Where the holder of a bill drawn payable elsewhere than at the place of business or the residence of the drawee has not time with the exercise of reasonable diligence to present the bill for acceptance before presenting it for payment on the day that it falls due, the delay caused by presenting the bill for acceptance before presenting it for payment is excused, and does not discharge the drawers and indorsers.
Page 139 - Where the person giving and the person to receive notice reside in the same place, notice must be given within the following times : (1) If given at the place of business of the person to receive notice, it must be given before the close of business hours on the day following...
Page 170 - Where the holder of a set indorses two or more parts to different persons he is liable on every such part, and every indorser subsequent to him is liable on the part he has himself indorsed, as if such parts were separate bills.
Page 98 - 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 63 - 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 116 - 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.