The Maryland Code: Public General Laws : Adopted by the General Assembly of Maryland, March 14, 1888 : Including Also the Acts of the Session of 1888 Incorporated Therein... |
From inside the book
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Page 17
... deemed appropriate by the court to discharge the obligors in the recognizance and the record of the entry of such recognizance . ARTICLE XIII . BILLS OF EXCHANGE AND PROMISSORY NOTES . 9. Legal holidays . 12. No grace upon negotiable ...
... deemed appropriate by the court to discharge the obligors in the recognizance and the record of the entry of such recognizance . ARTICLE XIII . BILLS OF EXCHANGE AND PROMISSORY NOTES . 9. Legal holidays . 12. No grace upon negotiable ...
Page 19
... deemed holder 101. When presentment may be dis- in due course . 73. Notice before full amount paid . 74. When title defective . pensed with . 102. When instrument dishonored by non - payment . 75. What constitutes notice of defect . 103 ...
... deemed holder 101. When presentment may be dis- in due course . 73. Notice before full amount paid . 74. When title defective . pensed with . 102. When instrument dishonored by non - payment . 75. What constitutes notice of defect . 103 ...
Page 21
... deemed to be an accept- 194 . 196 . to pay for honor . Effect on subsequent parties where bill is paid for honor . 195. Where holder refuses to receive payment supra protest . Rights of payer for honor . CHAPTER XVI - Bills in a Set ...
... deemed to be an accept- 194 . 196 . to pay for honor . Effect on subsequent parties where bill is paid for honor . 195. Where holder refuses to receive payment supra protest . Rights of payer for honor . CHAPTER XVI - Bills in a Set ...
Page 26
... deemed prima facie to be the true date of the making , drawing , acceptance or indorse- ment , as the case may be . 31. The instrument is not invalid for the reason only 26 BILLS OF EXCHANGE AND PROMISSORY NOTES . [ ART . 13.
... deemed prima facie to be the true date of the making , drawing , acceptance or indorse- ment , as the case may be . 31. The instrument is not invalid for the reason only 26 BILLS OF EXCHANGE AND PROMISSORY NOTES . [ ART . 13.
Page 28
... deemed an endorser ; 7. Where an instrument containing the words , " I promise to pay , " is signed by two or more persons , they are deemed to be jointly and severally liable thereon . 37. No person is liable on the instrument whose ...
... deemed an endorser ; 7. Where an instrument containing the words , " I promise to pay , " is signed by two or more persons , they are deemed to be jointly and severally liable thereon . 37. No person is liable on the instrument whose ...
Common terms and phrases
aforesaid agent amount application appointed assessment association attorney authorized ballots Baltimore city Balto bill board of registry bond canvass certificate circuit court city of Baltimore city or county clerk comptroller conviction thereof corporation county commissioners county or city Court of Baltimore Courts of Equity deemed guilty deposit discretion district drawee duly duty entitled examination fifty dollars filed game warden hereby holder Ibid imprisonment indorsement inspector instrument issued judgment jurisdiction jury justice letters testamentary license Maryland Maryland Agricultural College Maryland National Guard ment misdemeanor mortgage negotiable instrument non compos mentis notice oath offense officer owner oysters paid party payable payment peace Penalty person or persons precinct proceedings proper purpose receive record residence respective sheriff sub-title supervisors of elections therein thousand dollars tion treasurer trust vessel violating vote voter
Popular passages
Page 30 - An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Page 27 - 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 authoritjgiven and within a reasonable...
Page 24 - Where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty.
Page 24 - An unqualified order or promise to pay is unconditional within the meaning of this act, though coupled with — 1. An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or 2. A statement of the transaction which gives rise to the instrument.
Page 50 - 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 27 - As between immediate parties, and as regards a remote party other than a holder in due course, the delivery, in order to be effectual, must be made either by, or under the authority of the party making, drawing...
Page 30 - An instrument is negotiated when it is transferred from one person to another in such manner as to constitute the transferee the holder thereof. If payable to bearer it is negotiated by delivery ; if payable to order it is negotiated by the indorsement of the holder completed by delivery.
Page 29 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Page 46 - 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 25 - Does not specify the place where it is drawn, or the place where it is payable ; or 4.