Business Man's Commercial Law Library: The law of contracts |
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acceptance action actual agent agree agreement amount apply assent authorised authority bank become bill bind bound buyer carrier carry cause charge claim collect common complete concerning Consequently consideration considered contract course court creditor debt debtor delivered delivery demand deposit discharge dishonoured drawer drawn duty effect example existence fact firm fixed fraud give given hand hold holder honour implied indorser injury instrument interest kind knowing knowledge known liable loss manner means ment nature negligence negotiable notice offer otherwise owner paid partner partnership party payable payment period person possession presentment principal promise protested purchaser question reasonable receive recover refuse regarded relating responsible retain rule says seal sell seller sent signed sold specified statute sufficient surety taken tender thing tion transaction transfer unless usual warranty writing
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609 ÆäÀÌÁö - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as holder in due course.
569 ÆäÀÌÁö - Any affirmation of fact or any promise by the seller relating to the goods is an express warranty if the natural tendency of such affirmation or promise is to induce the buyer to purchase the goods, and if the buyer purchases the goods relying thereon. No affirmation of the value of the goods, nor any statement purporting to be a statement of the seller's opinion only shall be construed as a warranty.
568 ÆäÀÌÁö - ... (2) Where the goods are brought by description from a seller who deals in goods of that description (whether he be the grower or manufacturer or not), there is an implied warranty that the goods shall be of merchantable quality.
600 ÆäÀÌÁö - Where the sum payable is expressed in words and also in figures and there is a discrepancy between the two, the sum denoted by the words is the sum payable ; but if the words are ambiguous or uncertain, reference may be had to the figures to fix the amount ; 84 2.
617 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.
568 ÆäÀÌÁö - Where the buyer, expressly or by implication, makes known to the seller the particular purpose for which the goods are required, and it appears that the buyer relies on the seller's skill or judgment (whether he be the grower or manufacturer or not), there is an implied warranty that the goods shall be reasonably fit for such purpose.
654 ÆäÀÌÁö - The receipt by a person of a share of the profits of a business is prima facie evidence that he is a partner in the business, but no such inference shall be drawn if such profits were received in payment: a.
492 ÆäÀÌÁö - ... Where the instrument is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run, and by including the date of payment.
613 ÆäÀÌÁö - Delay in Giving Notice — How Excused Delay in giving notice of dishonor is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence.
614 ÆäÀÌÁö - Every negotiable instrument is payable at the time fixed therein without grace. When the day of maturity falls upon Sunday, or a holiday, the instrument is payable on the next succeeding business day. Instruments falling due...