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§ 16. Checks
a. Definition
b. Distinction between checks and bills of exchange.
PAGE.
28
30
33
35
36
37
38
f. Rights of infant as payee and indorsee..
g. Ratification after infant becomes of age.
h. What constitutes ratification
§ 23. Persons of unsound mind.....
a. In general
b. Presumption of sanity; notice.
c. Contracts for necessaries..
43
45
46
47
48
50
51
52
55
56
57
d. Bills and notes by persons of unsound mind...
58
e. Indorsement by insane person; rights of innocent holder.
B. PERSONS ACTING IN FIDUCIARY CAPACITY.
§ 27. Executors and administrators..
a. In general ...
b. Bills and notes by executors and administrators..
e. Rights of executors and administrators as to bills and notes
of decedents
71
72
74
(4) Disclosure of name of principal in body of instrument... 89
(5) Parol evidence admissible to show intent....
93
d. Signature by procuration; effect of......
98
e. Liability of agent indorsing negotiable paper, or drawing bill
of exchange
99
b. Authority of one partner to execute commercial paper in name
of firm ..
107
c. Presumption in favor of validity of partnership paper executed
by one partner.....
109
...
d. Commercial paper of trading and nontrading partnerships... 112
e. Rights of bona fide holder....
115
f. Signing firm name for accommodation or security...
118
g. Negotiable paper in payment of individual debts of partner.. 123
h. Partnership paper in name of individual member....
124
i. Commercial paper given by partner for use of firm..
c. Power to make or indorse for accommodation...
d. Presumption in favor of validity of corporation paper.
f. Power of officers to transfer commercial paper.
g. Form of notes and bills by corporations; form of indorsement. 145
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129
132
135
136
137
138
143
$ 36. Promise or order to pay must be unconditional
174
175
b. Examples of conditional promises
177
c. When order or promise is unconditional; statutory provision.. 182
d. Order or promise to pay out of a particular fund
186
e. Payment in money optional
§ 37. Must be payable in money
b. Definitions; money; currency; legal tender
c. Instruments payable in current funds or currency
d. Payable in foreign money
188
190
191
194
195
f. Act in addition to payment of money
38. Certainty as to sum
b. What constitutes certainty as to sum; statutory provision
196
198
199
39. Time of payment
-
(Continued).
f. What constitutes determinable future time; statutory provision. 212
g. Instrument payable at fixed period after date or sight
h. Instrument payable on or before a certain date ..
213
214
218
i. Instrument payable at a fixed time after a specified event....
j. Instrument payable upon a contingency
219
k. Instrument payable on day certain, or on happening of event.. 220
1. Effect of provision for extension of time
220
§ 40. Instrument must be payable to order or bearer
b. What are words of negotiability
c. When payable to order
(1) Statutory provision
(2) Instrument payable to drawer or maker
(3) Instrument drawn by agent, officer, or partner
(4) Instrument payable to order of drawee
(5) Instrument payable to joint payees
221
222
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225
226
227
(6) Instrument payable to one or some of several payees
(7) Instrument payable to holder of an office for time being.. 228
(8) Payee to be indicated with reasonable certainty
d. When payable to bearer
228
231
(2) Instrument made expressly payable to bearer..
(3) Instrument payable to order of fictitious person.
(4) When name of payee does not purport to be that of any
person
233
(5) When only a last indorsement is in blank
§ 41. Additional provisions not affecting negotiability.
a. Statutory provision
b. Provision authorizing sale of collaterals
c. Provision authorizing confession of judgment
d. Waiver of benefits of a law intended for protection of obligor. 239
§ 42. Omissions not affecting validity and negotiability..
c. Use of words "for value received," or equivalent
234
235
238
e. Option with holder requiring something in lieu of money.. 240
241
d. When date may be inserted; statutory provision
248
§ 45. Completion of imperfect instrument by holder and effect thereof.... 249
a. In general ......
249
253
f. Presumption of intentional delivery by placing signature on in-
strument
§ 47. Construction when instrument is ambiguous
261
262
b. Discrepancy between words and figures expressing amount
c. When interest begins to run if no date is specified
264
d. Failure to date ...
e. Conflict between written and printed provisions
265
h. Words "I promise to pay" in instrument signed by two or
more persons
§ 48. Liability of person signing in trade or assumed name
b. Reason and application of rule
266
.. 266
267
268
269
CHAPTER IV.
CONSIDERATION
271-315
49. Necessity of consideration
b. Want or failure of consideration as a defense
c. Statutory rule as to absence or failure of consideration
d. Requirement of consideration in case of acceptance or indorse-
271
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275
d. Where rights, interests, or property are valueless
e. Exchange of commercial paper
f. Love and affection
277
. 278
. 279
281