BEARER- Definition Section 190 1 9 40 Negotiable instrument may be payable to bearer.. When payable to bearer.. Liability of indorser of instrument payable to Bill not an assignment of fund; liability of drawee. 127 Acceptance of bills in sets When bill may be treated as a promissory note... 130 BILLS IN A SET- Bills in a set constitute one bill..... 181 178 Liability of indorsers of two or more parts. 180 Payment of bills in sets 182 Right of holder where different parts are negotiated 179 Unintentional cancellation; burden of proof... 69 123 59 CANCELLATION- Unintentional cancellation; effect of.. 123 Section CAPACITY- Acceptor admits the capacity of the payee to in- 62 Drawer admits the capacity of payee to indorse... 61 22 ..... ...... 22 60 Right to negative personal responsibility by one 44 CASHIER- Instrument drawn or indorsed to person as cashier. 42 CHECK- Certification of check equivalent to acceptance.... 187 185 Effect of certification being procured by the holder. 188 186 COLLATERAL SECURITIES— Authority to sell collateral securities does not af- 5 Lien holder deemed a holder for value to the ex- 27 Presumption. Every negotiable instrument pre- 24 ...... What constitutes a valuable consideration.... Section CONTINGENCY- Instrument payable upon the contingency is not negotiable CORPORATION- Effect of indorsement or assignment by a corpora- DATE- Antedated or post-dated; effect of...... Negotiability not affected by absence of date.. When holder may insert true date..... 263 Delivery of complete instruments; rights of holder. 16 65 .... DISCHARGE OF INSTRUMENT- Effect of renunciation of rights of the holder.... Instrument not discharged when paid by party sec- 122 119 ... 121 DISCHARGE OF INSTRUMENT-(Continued). Unintentional cancellation not a discharge.. DISCHARGE OF PARTY— Section ........ 47 123 124 Drawee not liable until after acceptance. Two or more drawees DRAWER- General acceptance for honor deemed for honor of drawer ..... Liability of drawer 1 127 128 163 61 ..... When presentment is necessary to charge drawer.. Right to require something to be done in lieu of EXCHANGE- Negotiable instrument may include exchange at FICTITIOUS PERSON— 5 ..... Bill may be treated as a note where drawee is a 130 Notice need not be given to drawer where drawee is a fictitious person 114 ..... Section FICTITIOUS PERSON-(Continued). Notice need not be given to indorser where drawee Discrepancy between figures and writing....... When instrument payable to fictitious or non-exist- FIGURES IN INSTRUMENT- FISCAL OFFICER- 17 ....... Drawing or indorsing of instrument by a fiscal 42 FOREIGN BILL- Foreign bill must be protested for dishonor.... 118 129 FORGERY- Forged signature wholly inoperative.... 23 FRAUD- Fraudulent antedating or post-dating.... 12 Rights of holder as to incomplete instruments.. 15 51 Right of holder who refuses payment for honor... 176 negotiated 179 |
