The Law of Negotiable Paper: Containing the Text of the Uniform Negotiable Instruments Act with Questions, Problems and FormsCallaghan, 1911 - 208ÆäÀÌÁö |
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... ) FORMAL REQUISITES . Sec . 15. In general . A. " It Must be in Writing and Signed by the Maker or Drawer . " Sec . 16. Writing and signature . B. " Must Contain an Unconditional Promise or Order to 10 NEGOTIABLE PAPER .
... ) FORMAL REQUISITES . Sec . 15. In general . A. " It Must be in Writing and Signed by the Maker or Drawer . " Sec . 16. Writing and signature . B. " Must Contain an Unconditional Promise or Order to 10 NEGOTIABLE PAPER .
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... one person to another , signed by the maker , engaging to pay on demand , or at a fixed or determinable future time , a sum certain in money to order or to the bearer . When a note is drawn to the maker's own order , 26 NEGOTIABLE PAPER .
... one person to another , signed by the maker , engaging to pay on demand , or at a fixed or determinable future time , a sum certain in money to order or to the bearer . When a note is drawn to the maker's own order , 26 NEGOTIABLE PAPER .
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... 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 order or to bearer . " 3 A bill of exchange is an order drawn by ...
... 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 order or to bearer . " 3 A bill of exchange is an order drawn by ...
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... signed by the maker or drawer ; ( 2 ) " Must contain an unconditional promise or order to pay a sum certain in money ; ( 3 ) " Must be payable on demand , or at a fixed or determinable future time . ( 4 ) " Must be payable to order or ...
... signed by the maker or drawer ; ( 2 ) " Must contain an unconditional promise or order to pay a sum certain in money ; ( 3 ) " Must be payable on demand , or at a fixed or determinable future time . ( 4 ) " Must be payable to order or ...
43 ÆäÀÌÁö
... signed . It is a rule that no party can be liable on a negotiable instrument as maker , drawer , or acceptor unless he has signed it , by him- self or his duly authorized agent . The name signed , however , may be an assumed one . Thus ...
... signed . It is a rule that no party can be liable on a negotiable instrument as maker , drawer , or acceptor unless he has signed it , by him- self or his duly authorized agent . The name signed , however , may be an assumed one . Thus ...
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acceptance for honor acceptor accommodated party agent amount assignment bank bill of exchange bill of lading blank indorsement certificate of deposit certification CHAPTER Chicago commercial paper confession of judgment consideration contract corporation deemed defense delivery discharged dishonored by non-acceptance dorsers drawer and indorsers due course fixed or determinable foreign bill fraud funds given holder in due Illinois instrument is payable law merchant maturity ment negotiable character Negotiable Instruments Act Negotiable Instruments Law negotiable paper notary Notary Public notice of dishonor otherwise overdue paid party primarily liable party secondarily liable payable on demand payable to bearer payable to order payee person place of payment presentment for acceptance Presentment for payment prior party promise or order promise to pay promissory note reasonable diligence secured signature signed special indorsement statute strument sum certain sum payable terest thereof thereto tiable transfer Uniform Negotiable Instruments unless usury waived
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145 ÆäÀÌÁö - An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
144 ÆäÀÌÁö - When 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.
150 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.
165 ÆäÀÌÁö - Partial; that is to say, an acceptance to pay part only of the amount for which the bill is drawn.
139 ÆäÀÌÁö - But nothing in this section shall alter or repeal any statute requiring in certain cases the nature of the consideration to be stated in the instrument.
168 ÆäÀÌÁö - A bill must be protested at the place where it is dishonored, except that when a bill drawn payable at the place of business, or residence of some person other than the drawee, has been dishonored by non-acceptance, it must be protested for non-payment at the place where it is expressed to be payable, and no further presentment for payment to, or demand on, the drawee is necessary.
141 ÆäÀÌÁö - When it is payable to the order of a fictitious or nonexisting person, and such fact was known to the person making it so payable; or 4. When the name of the payee does not purport to be the name of any person; or 5. When the only or last indorsement is an indorsement in blank.
161 ÆäÀÌÁö - By a valid tender of payment made by a prior party; 5. By a release of the principal debtor, unless the holder's right of recourse against the party secondarily liable is expressly reserved; 6. By any agreement binding upon the holder to extend the time of payment, or to postpone the holder's right to enforce the instrument unless made with the assent of the party secondarily liable, or unless the right of recourse against such party is expressly reserved.
142 ÆäÀÌÁö - But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him is conclusively presumed.
152 ÆäÀÌÁö - As respects one another, indorsers are liable prima facie in the order in which they indorse; but evidence is admissible to show that as between or among themselves they have agreed otherwise. Joint payees or joint indorsees who indorse are deemed to indorse jointly and severally.