AMERICAN COMMERCIAL LAW

SERIES

VOLUME

I. CONTRACTS.

VOLUME II. NEGOTIABLE PAPER.

VOLUME III. SALES OF PERSONAL PROPERTY
VOLUME IV. AGENCY; PARTNERSHIP.
VOLUME V. CORPORATIONS.
VOLUME VI. INSURANCE; SURETYSHIP.
VOLUME VII. DEBTOR AND CREDITOR; BANK-

RUPTCY.

VOLUME VIII. BANKS AND BANKING.
VOLUME IX. PROPERTY.

AMERICAN COMMERCIAL LAW SERIES

VOLUME II

THE LAW OF
NEGOTIABLE PAPER

CONTAINING THE TEXT OF

THE UNIFORM NEGOTIABLE

INSTRUMENTS ACT

WITH

QUESTIONS, PROBLEMS AND FORMS

By ALFRED W. BAYS, B. S., LL. B.
MEMBER OF CHICAGO BAR AND PROFESSOR OF COMMERCIAL
LAW, NORTHWESTERN UNIVERSITY SCHOOL

OF COMMERCE

CHICAGO:
CALLAGHAN & COMPANY

Copyright, 1911, by
CALLAGHAN & COMPANY
6.25-1924

THIS SERIES OF BOOKS IS
RESPECTFULLY DEDICATED TO

PROFESSOR WILLARD EUGENE HOTCHKISS

DEAN OF NORTHWESTERN UNIVERSITY

SCHOOL OF COMMERCE WHOSE ZEAL IN THE CAUSE OF COMMERCIAL EDUCATION HAS BEEN A CONSTANT SOURCE OF

INSPIRATION TO THE AUTHOR