The Negotiable Instruments Law: From the Draft Prepared for the Commissioners on Uniformity of Laws, and Enacted in New York, Massachusetts, Rhode Island, Connecticut, Pennsylvania, District of Columbia, Maryland, Virginia, North Carolina, Tennessee, Florida, Wisconsin, North Dakota, Colorado, Utah, Oregon and Washington. The Full Text of the Law as Enacted, with Copious Annotations
Baker, Voorhis, 1902 - 173 sider
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acceptance for honor acceptor agent authority Barb bill of exchange Byles on Bills Cayuga County Colorado commercial paper Conn Connecticut consideration constitutes contract Cush deemed delivery diligence discharged dishonored by non-acceptance drawn due course effect funds give notice given Gratt Gray held holder for value holder in due indorser instru instrument payable law merchant Laws N. Y. maker Mass Massachusetts maturity ment N. J. Law National Bank negotiable instrument non-negotiable non-payment North Carolina North Dakota notary note payable notice of dishonor numbers Ohio St Oregon overdue paid paper payable on demand payable to bearer payee person Pick place of business presented for payment presentment for acceptance prior parties promissory note protest provision Rhode Island rule Savings Bank signature Smith statute sufficient Tenn thereof tion transfer Virginia and Washington waiver warranty Wend Wisconsin Wisconsin Act York
Side 24 - ... the delivery may be shown to have been conditional, or for a special purpose only, and not for the purpose of transferring the property in the instrument. 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 63 - A person placing his signature upon an instrument otherwise than as maker, drawer or acceptor, is deemed to be an indorser, unless he clearly indicates by appropriate words his intention to be bound in some other capacity.
Side 115 - A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same.
Side 53 - 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 66 - 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.
Side 140 - A negotiable promissory note within the meaning of this, act is an unconditional promise in writing made by one person to another signed by the maker engaging to pay on demand, or at a fixed or determined future time, a sum certain- in money to order, or to bearer.
Side 80 - ... 1. Where the drawer and drawee are the same person. 2. Where the drawee is a fictitious person or a person not having capacity to contract. 3. Where the drawer is the person to whom the instrument is presented for payment. 4. Where the drawer has no right to expect or require that the drawee or acceptor will honor the instrument. 5. Where the drawer has countermanded payment.
Side 6 - primarily" liable on an instrument is the person who by the terms of the instrument is absolutely required to pay the same. All other parties are "secondarily
Side 39 - 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.