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The Negotiable Instruments Law: With Annotations (Classic Reprint)
Robert E. Bunker
Ingen forhåndsvisning tilgjengelig - 2016
acceptance for honor acceptance supra protest acceptor agent amount authority banker bill drawn bill payable Bills of Ex Bills of Exchange Brown ceptance cheque Clark common law Conn contract court Daniel's Neg debt deemed delivery discharged dishonored by non-acceptance dorsement dorser due course effect Exchange Act fact foreign bill Fourth Nat funds German American give notice given held holder for value holder in due indorser Inst instru instrument payable law merchant maker Mass maturity ment N. Y. Supp negotiable instrument non-payment Northwestern Nat notary note payable notice of dishonor paid paper party payable on demand payable to bearer payee person plaintiff presented for payment presentment for acceptance prior promissory note provision right of recourse rule Savings Bank sentment signature signed Smith statute strument subsequent sufficient supra protest thereof tion transfer Union Nat valid words
Side 85 - 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.
Side 242 - 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.
Side 113 - To constitute notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith.
Side 260 - A bill must be protested at the place where it is dishonored, except that when a bill drawn payable at the place of business, or residence of some person other than the drawee, has been dishonored by non-acceptance, it must be protested for non-payment at the place where it is expressed to be payable, and no further presentment for payment to, or demand on, the drawee is necessary.
Side 271 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title or a defective title thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Side 248 - But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him, is conclusively presumed.
Side 256 - Protest is dispensed with by any circumstances which would dispense with notice of dishonor. Delay in noting or protesting is excused when delay is caused by circumstances beyond the control of the holder and not imputable to his default, misconduct or negligence.
Side 250 - 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.
Side 117 - 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...