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INDEX.

(The references are to pages.)

ACCEPTANCE, meaning of term, 6.5

what it is, 117, 118.
must be in writing, 118.
must be signed, 118.
holder may require it to be on face of bill. 118.
must be for payment in money, 118.
is new contract, 118.
form of, 118.
signature of drawee sufficient, 118.
by separate instrument, 118.
when acceptance on separate instrument binds acceptor,

118.
promise to accept deemed acceptance, 119.
by telegraph, 119.
by what law promise to accept governed, 119.
at common law oral promise was sufficient, 119.
acceptance by agent, 119.
time allowed drawee in which to accept, 120.
when retention of bill amounts to acceptance, 120.
where bill overdue, 120, 121.
after bill dishonored, 120, 121.
of incomplete bill, 120, 121.
date of acceptance, 120.
kinds of acceptance, 121.
what constitutes general acceptance, 121.
qualified acceptance, 121, 122.
conditional, 122.
local, 122.
partial, 122.
agent cannot take qualified acceptance, 122,
executor has no authority to accept, 125, 126.
duty of holder where bill dishonored by non-acceptance,

126.

ACCEPTANCE-Continued.

when bill dishonored by non-acceptance, 126.
what bills must be protested for non-acceptance, 127, 128.

of bills in set, 138.
ACCEPTANCE FOR HONOR, when bill may be accepted for

honor, 132, 133.
how made, 133.
for part of sum, 133.
for different parties, 133.
when acceptance does not state for whose honor made, 133.
agreement of acceptor for honor, 133.
liability of acceptor for honor, 133.
maturity of bill payable after sight accepted for honor,

134.
how presentment for payment made to acceptor for honor,

134.
dishonor of bill accepted for honor, 135.

when delay in making presentment excused, 134, 135.
ACCEPTOR, by accepting admits existence of drawer, 61.

admits genuineness of drawer's signature, 61, 62.
admits drawer's capacity to draw, 61.
admits authority to draw, 61.
admits capacity of corporation to draw bill, 62.
admits capacity of married woman, 62.
admits capacity of infant, 62.
may not show that drawer is a lunatic, 62.
not presumed to know signature of indorser, 62.
not presumed to know handwriting in body of bill, 62.
liability of acceptor, 61-63.
demand of payment not necessary in order to charge, 72.
when acceptor insolvent bill may be protested for better

security, 131.
ACCEPTOR FOR HONOR, liability of acceptor for honor, 105.

agreement of acceptor for honor, 133.
ACCOMMODATION PAPER no implied warranty that bill is

not, 67.
notes mutually exchanged are not, 37.

payment of by party accommodated discharges paper, 200. Lob.
ACCOMMODATION PARTIES, liability of, 36.

right to retract, 37.
right to impose conditions, 38.
discharge of by diversion of instrument, 37.

ACCOMMODATION PARTIES–Continued.

corporations cannot make, 37.

rights of on payment of instrument, 110.
ACTION, meaning of, 5.

restrictive indorsement confers right to bring, 43.
AGENT, signature by, 28, 29.

authority of, 28.
how authority shown, 28.
liability of person signing as agent, 28, 71.
may give notice of dishonor, 88, 89.
notice of dishonor may be given to, 92.
cannot take qualified acceptance, 122, 123.
duty of to present bill for acceptance, 123, 124.
holder may require production of his authority to accept,

125.
ALTERATION, effect of, 112, 113.

holder in due course may enforce instrument according to

original tenor, 112.
what constitutes a material alteration, 113.
burden of explaining, 112, 113.
pleading and evidence, 113.
as to date, 113, 114.
as to sum payable, 113, 114.
as to time of payment, 113, 114.
as to place of payment, 113, 114.
as to number of parties, 113, 114.
as to relation of parties, 113, 114.
as to medium of payment, 113, 114.
addition of place of payment, 113, 114.

other changes, 113, 114.
AMBIGUOUS INSTRUMENT, construction of, 25-27.
ANTECEDENT DEBT, constitutes value, 32-34.
ANTEDATED, instrument not invalid because, 21.
ASSIGNMENT, bill is not, 115.

when bill may amount to, 115, 116.
check is not, 143, 144.

when check may amount to, 144.
ASSUMED NAME, persons signing in, 27.
ATTORNEY'S FEE, provision for, 10, 11.

BANK, meaning of, 6.

instrument payable at equivalent to order to pay, 85.

:

BANK-Continued.

presentment of instrument payable at, 77, 78.
duty of to present bill for acceptance, 123, 124.
liability of on certified check, 143.
not liable on check unless it accepts or certifies the same,

143, 144.
BANK NOTES, note payable in, 17.
BEARER, meaning of term, 5.

instrument must be payable to or order, 19.
when instrument bė payable to, 19-21.
instrument payable to person named or bearer, 19.
instrument payable to fictitious person, 19.
when payee not name of any person, 19.
when indorsed in blank, 19.
instrument payable to cash is payable to, 20.
instrument payable to sundries is payable to, 20.
instrument payable to estate, 20.
indorsement of instrument payable to, 45, 69.

in some States indorsement required, 69.
BILL, meaning of term, 5.
BILLS IN A SET constitute one bill, 137.

rights of holder where different parts are negotiated, 137,

138.
liability of indorser, 138.
acceptance of, 138.
payment of, 138.

effect of discharging one of a set, 138.
BILL OF EXCHANGE, term “bill” means bill of exchange, 5.

ambiguous instrument may be considered either bill or

note, 26.
definition of, 115.
is not an assignment, 115.
where drawer and drawee are same person, 116.
may be addressed to two or more drawees, 116.
but not to two or more in the alternative, 116.
inland bill, what constitutes, 116.
foreign bill, what constitutes, 116.
when bill may be treated as promissory note, 116.
when bill may amount to an assignment, 116.

referee in case of need, 117.
BLANKS, when may be filled, 22.

when improperly filled, 22, 23.

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