The Kentucky Negotiable Instruments Law: Annotated |
Other editions - View all
Common terms and phrases
13 Bush A. K. Mar acceptance for honor acceptor Adm'r agent assignment authority Bank of Kentucky Bickel bill of exchange blank ceptance certificate Choteau cited Court of Appeals Dana debt delivery Deposit Bank discharged dishonored by non-acceptance drawer and indorsers drawn effect facie fact Farmers footing foreign bill Fourth Nat give notice given Grayson County held holder for value holder in due inland bill instrument is payable Joel Bailey joint indorser Kentucky Statutes law merchant Litt maker maturity ment negotiable instrument notary public note to Section notice of dishonor Owensboro paid Paintsville Nat paper party secondarily liable payable on demand payable to order payee place of payment plaintiff postoffice presented for acceptance presented for payment principal debtor prior parties promissory note rule Savings Bank Section 118 Section 483 signature signed Smith strument Subsection supra surety thereof tion Union Nat void waiver words
Popular passages
Page 38 - 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 94 - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as a holder in due course.
Page 226 - Holder" means the payee or indorsee of a bill or note, who is in possession of it, or the bearer thereof.
Page 188 - Where a foreign bill appearing on its face to be such is dishonored by non.acceptance, it must be duly protested for non-acceptance, and where such a bill which has not previously been dishonored by non.acceptance is dishonored by nonpayment, it must be duly protested for non.payment. If it is not so protested, the drawer and indorsers are discharged. Where a bill does not appear on its face to be a foreign bill, protest thereof in case of dishonor is unnecessary.
Page 196 - Where a bill has been protested for non-payment, any person may intervene and pay it supra protest for the honor of any person liable thereon or for the honor of the person for whose account it was drawn.
Page 32 - ... 1. At a fixed period after date or sight ; or 2. On or before a fixed or determinable future time specified therein; or 3. On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 103 - 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.
Page 30 - 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; but an order or promise to pay out of a particular fund is not unconditional.
Page 92 - In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were nonnegotiable. But a holder who derives his title through a holder in due course...
Page 69 - 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.