The Law of Bills, Notes, and ChequesLittle, Brown,, 1900 - 349ÆäÀÌÁö |
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9 ÆäÀÌÁö
... passes , or may pass , from hand to hand like money , so as to give a holder in due course the What negotia- right to hold the instrument and collect the sum bility in law payable , for himself , free from defences . The com- common law ...
... passes , or may pass , from hand to hand like money , so as to give a holder in due course the What negotia- right to hold the instrument and collect the sum bility in law payable , for himself , free from defences . The com- common law ...
14 ÆäÀÌÁö
... pass the instrument to a bona fide holder for value.2 Delivery by negligence imports that the instrument has passed into circulation , without intention or agency , by the 1 Chipman v . Tucker , 38 Wis . 43 : Roberts v . McGrath , id ...
... pass the instrument to a bona fide holder for value.2 Delivery by negligence imports that the instrument has passed into circulation , without intention or agency , by the 1 Chipman v . Tucker , 38 Wis . 43 : Roberts v . McGrath , id ...
15 ÆäÀÌÁö
... passing into circulation.1 Hence where the instrument passed out of the defendant's pos- session into the hands of another , after the defendant had kept it in a negligent way for awhile , but not by reason thereof , there has been no ...
... passing into circulation.1 Hence where the instrument passed out of the defendant's pos- session into the hands of another , after the defendant had kept it in a negligent way for awhile , but not by reason thereof , there has been no ...
28 ÆäÀÌÁö
... passes as such at certain places ; such a rule would admit into the company of promissory notes promises to pay in wool or in tobacco , it may be , in some places , where in the absence of money such things may happen to pass current as ...
... passes as such at certain places ; such a rule would admit into the company of promissory notes promises to pay in wool or in tobacco , it may be , in some places , where in the absence of money such things may happen to pass current as ...
35 ÆäÀÌÁö
... pass . Time of pay- For example : ' I promise to pay to A or order ment . $ 1000 when the estate of B is settled up ' is deemed not a promise to pay absolutely , because the estate of B may never be ' settled up . ' Again : ' I promise ...
... pass . Time of pay- For example : ' I promise to pay to A or order ment . $ 1000 when the estate of B is settled up ' is deemed not a promise to pay absolutely , because the estate of B may never be ' settled up . ' Again : ' I promise ...
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accommodation agent alteration authority Bank of United bill of exchange bona fide holder cheque common law consideration constructive notice contract courts creditor custom debt deemed defendant is indorser delivery demand discharged doctrine drawer due course entitled equities estoppel evidence example excuse fact favor fixed foreign bill fraud give notice given Gratt guaranty holder for value holder in due honor indorser's inland bill instru instrument is payable law merchant liability maker or acceptor Mass maturity ment National Bank necessary negotiable instrument non-payment notary notice of dishonor notifying Ohio St paper payable payee Penn person place of business place of payment post-office presented for payment presentment for acceptance presumptively promise to pay promissory note protest reasonable diligence received regard residence rule signature Statute Statute of Frauds sum certain supra surety suretyship Tenn thereon tion treated unless unwritten law waiver warranty Wend words
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293 ÆäÀÌÁö - 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.
287 ÆäÀÌÁö - 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.
313 ÆäÀÌÁö - 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.
296 ÆäÀÌÁö - A holder in due course is a holder who has taken the instrument under the following conditions : — 1. That it is complete and regular upon its face ; 2. That he became the holder of it before it was overdue, and without notice that it had been previously dishonored, if such was the fact; 3. That he took it in good faith and for value; 4. That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it.
297 ÆäÀÌÁö - 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.
298 ÆäÀÌÁö - And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it.
286 ÆäÀÌÁö - An instrument to be negotiable must conform to the following requirements: 1. It must be in writing and signed by the maker or drawer ; 2. Must contain an unconditional promise or order to pay a sum certain in money ; 3.
288 ÆäÀÌÁö - Does not specify the place where it is drawn or the place where it is payable; or 5.
318 ÆäÀÌÁö - A (negotiable) promissory note 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 determinable future time, a sum certain in money to order or to bearer.
298 ÆäÀÌÁö - The acceptor by accepting the instrument engages that he will pay it according to the tenor of his acceptance ; and admits — 1. The existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the instrument; and 2. The existence of the payee and his then capacity to indorse.