Acts of the Legislature of the State of Michigan, ÆÄÆ® 2W. S. George, 1905 Includes regular and extra sessions. |
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392 ÆäÀÌÁö
... Where an instrument expressed to be payable at a fixed period after date is issued undated , or where the ac- ceptance of an instrument payable at a fixed period after sight is undated , any holder may insert therein the true date of ...
... Where an instrument expressed to be payable at a fixed period after date is issued undated , or where the ac- ceptance of an instrument payable at a fixed period after sight is undated , any holder may insert therein the true date of ...
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act is ordered act number ACT to amend act to provide acts of eighteen acts of nineteen amend section amended by act amount appoint Approved June 16 articles of association assessment Auditor authorized ballot certificate cisco fish commissioner Compiled Laws corporation county clerk district dred duty eighteen hundred ninety eighteen hundred ninety-nine eighteen hundred ninety-seven election ending June thirty entitled An act expenses filed fiscal year ending fish fund Further proviso hereby amended hereby appropriated highway holder indorsement inspectors lands Laws of eighteen liable license Michigan enact Michigan Soldiers nineteen hundred five nineteen hundred six nineteen hundred three notice number one hundred number two hundred ordered to take paid party payment Penalty primary election public acts purpose read as follows registered repeal Secretary Section amended take immediate effect thereof thousand dollars tion township treasurer Upper Peninsula violation vote
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397 ÆäÀÌÁö - 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.
394 ÆäÀÌÁö - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
394 ÆäÀÌÁö - Where a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or under such signature, unless the party against whom it is sought to enforce such right is precluded from setting up the forgery or want of authority.
406 ÆäÀÌÁö - A bill of 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.
409 ÆäÀÌÁö - Where the holder of a bill drawn payable elsewhere than at the place of business or the residence of the drawee has not time with the exercise of reasonable diligence to present the bill for acceptance before presenting it for payment on the day that it falls due, the delay caused by presenting the bill for acceptance before presenting it for payment is excused, and does not discharge the drawers and indorsers.
400 ÆäÀÌÁö - Where the instrument is not payable on demand, presentment must be made on the day it falls due. Where it is payable on demand, presentment must be made within a reasonable time, after its issue, except that in the case of a bill of exchange, presentment for payment will be sufficient if made within a reasonable time after the last negotiation thereof.
410 ÆäÀÌÁö - Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence. When the cause of delay ceases to operate, presentment must be made with reasonable diligence.
407 ÆäÀÌÁö - The drawer of a bill and any indorser may insert thereon the name of a person to whom the holder may resort in case of need, that is to say, in case the bill is dishonored by non-acceptance or nonpayment. Such person is called the referee in case of need.
406 ÆäÀÌÁö - An inland bill of exchange is a bill which is, or on its face purports to be, both drawn and payable within this state. Any other bill is a foreign bill. Unless the contrary appears on the face of the bill, the holder may treat it as an inland bill.
398 ÆäÀÌÁö - 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 non-negotiable. But a holder who derives his title through a holder in due course...