Holder deemed to be a holder in due course.

Notice before full amount paid...........

holder in due course

28

59

54

Presumption of delivery of instrument in hands of

Presumption as to date of negotiation...
Renunciation by holder does not effect rights of
subsequent holder in due course

.....

......

.......

124

been a material alteration...
Rights of holder in due course not prejudiced by

failure of previous holder to give notice of non-
acceptance

.....

When insertion of date does not avoid instrument

..57, 58

in hands of holder in due course.....
When title of holder in due course is defective....
When instrument in hands of holder in due course
is subject to defenses..

Section

HOLIDAY-

Effect of holiday on maturity of instrument....85, 193
What are holidays in Kentucky...

.85 Note

HONOR-

See acceptance for honor.

ILLEGALITY—

Effective illegality of instrument in the hands of a
holder in due course......

57

Negotiable Instrument Act does not validate any
illegal stipulation

5

IMMEDIATE PARTIES-

As between immediate parties delivery must be
made under authority

16

INCOMPLETE INSTRUMENT-

Incomplete instrument cannot be delivered without
authority

15

......

Unauthorized delivery of complete instrument not
effective as between immediate parties, etc.....
INDORSEMENT-

16

22

49

31

Indorsement must be of entire instrument.....
Indorsement cannot be made to two or more in-
dorsees severally

Indorsement of instrument payable to bearer...
Indorsement where payable to order of two or more

persons

.....

Indorsed to person as cashier or fiscal officer...

Indorsement in representative capacity..

Indorsement; new contract ...

.....

Indorsement complete by delivery
Kinds of indorsement

Place of indorsement; presumption...

Presumption of date of indorsement..

Presumption as to time of indorsement.

Signature without additional words sufficient.

Special indorsement; what is.....

Striking out indorsement

43

44

46

190

33

46

11

45

38

65

36

37

47

31

34

48

INDORSER-

Effect of alteration upon indorser...

124

...

Effect of failure to present or negotiate upon in-
dorser

144

Instrument must be presented to charge indorser..
Liability of general indorser

Person placing signature upon instrument other
than as maker, drawer or acceptor is deemed an
indorser

63

Signature without additional words sufficient in-

dorsement

31

Insertion of wrong date; effect of...

Insertion without authority...

INSTALLMENTS-

Negotiable instrument may be payable in install-

ments

....

13

14

INSTRUMENT-

Instrument means negotiable instrument.......... 190
INTEREST-

From what date interest runs.....

....

17

Negotiable instrument may be payable with in-
terest

2

ISSUE-

Date of issue presumed to be date of instrument... 17

Presentment to parties jointly and severally liable.
When parties deemed to be jointly and severally

78

liable

... 17

Instrument is payable to order when drawn to the
order of two or more joint or several payees...

8

LIABILITY-

Liability of maker..

Liability of drawer

60

61

LIABILITY

(Continued).

Liability of acceptor

Section

62

Liability of signer in blank not otherwise a party. 64
Liability of agent

LIENS-

A lien holder is a holder for value......

69

27

Negotiability not affected by designation of a par-
ticular kind of money

6