TABLE OF CONTENTS.

PART I.

GENERAL NATURE AND HISTORY.

CHAPTER 1.

GENERAL DESCRIPTION OF NEGOTIABLE PAPER.

Sec. 1. Meaning of word "negotiable.
Peculiarities of negotiable paper

Sec. 2.

B. Special Forms of Bills, Notes and Checks.

Sec. 8.

Corporate and municipal bonds.

Sec. 9. Trade acceptances.

Sec. 10. Bank drafts.

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E. The Instruments Within the Scope of this Text.

Sec. 14. The negotiable instruments herein considered.

CHAPTER 3.

HISTORY AND ORIGIN OF COMMERCIAL PAPER.

Sec. 15. Continental origin and adoption in England. Sec. 16. Negotiable paper in the United States.

PART II.

THE FORMATION OF THE CONTRACT.

CHAPTER 4.

EXPRESSION-NEGOTIABLE FORM (1) FORMAL REQUISITES.

Sec. 17. In general.

A. "It Must be in Writing and Signed by the Maker or

Drawer."

Sec. 18. Writing and signature.

B. "Must Contain an Unconditional Promise or Order."

Sec. 19. Unconditional promise or order.

Sec. 20.

Sec. 21.

(1) In general.

(2) Reference to transaction or consideration. (3) Indication of fund, etc.

C. "To Pay a Sum Certain in Money."

Sum certain.

Payment in money.

(1) In general.

(2) To pay money and do something else.
(3) To pay money or do something else—
debtor's option.

(4)

(5)

To pay money or do something elseholder's option.

What is money.

D. "Must be Payable on Demand or at a fixed or Determin

(2) What constitutes fixed or determinable future time.

E. "Must be Payable to Order or to Bearer."

Sec. 25.

When payable to order.

Sec. 26.

When instrument payable to bearer.

(1) When it is expressed to be so payable.
(2) When it is payable to a person named
therein or bearer.

(3)

(4)

(5)

When it is payable to fictitious or nonexisting person.

When name of payee does not purport to be name of any person.

When the only or last indorsement is an indorsement in blank.

F. "Where the Instrument Is Addressed to a Drawee, he Must be Named or Otherwise Indicated Therein with Reasonable Certainty."

Sec. 27. Meaning of provision.

CHAPTER 5.

EXPRESSION-NEGOTIABLE FORM (2) PROVISIONS WHICH

DO NOT PREVENT NEGOTIABILITY.

Provision authorizing sale of collateral securities.

Reference to mortgage given as security.

Provision authorizing confession of judgment.
Waiving benefit of exemption and similar laws.
Effect of affixing seal.

Omission of date.

Ante-dating and post dating.

Technical rules of construction.

CHAPTER 6.

EXECUTION AND DELIVERY.

Sec. 37. Delivery essential.

Sec. 38.

Delivery presumed in favor of holder in due

course.

Sec. 39. Incomplete instrument.

(1) Delivery of incomplete instrument, prima facie authority to complete.

(2) Delivery of incomplete instrument, acquisition by holder in due course.

(3) Incomplete instrument never delivered. Sec. 40. Delivery of complete instrument containing uncancelled spaces.

Sec. 41.

Execution by agent.

Sec. 47. Want of consideration and holder in due

course.

CHAPTER 8.

THE FORMATION OF THE CONTRACT OF THE ACCEPTOR.

Sec. 47a. In general.

Definition of acceptance.

How acceptance must or may be made.

Acceptance presumed from retention.

Sec. 48.

Sec. 49.

Sec. 50.

Sec. 51.

Kinds of acceptance.

Sec. 52.

Effect of qualified acceptance.

Sec. 53.

Acceptance of check.