Banking Laws: An Official Manual Containing All State Laws of General Nature Applicable to Banking Institutions |
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87 ÆäÀÌÁö
A person placing his signature upon an instrument otherwise than as maker ,
drawer or acceptor , is deemed to be an indorser , unless he clearly indicates by
appropriate words his intention to be bound in some other capacity . ( Acts 1907 ...
A person placing his signature upon an instrument otherwise than as maker ,
drawer or acceptor , is deemed to be an indorser , unless he clearly indicates by
appropriate words his intention to be bound in some other capacity . ( Acts 1907 ...
88 ÆäÀÌÁö
... willing to pay it there at maturity , such ability and willingness are equivalent to
a tender of payment upon his part ; but except as herein otherwise provided ,
presentment for payment is necessary in order to charge the drawer and
indorsers .
... willing to pay it there at maturity , such ability and willingness are equivalent to
a tender of payment upon his part ; but except as herein otherwise provided ,
presentment for payment is necessary in order to charge the drawer and
indorsers .
90 ÆäÀÌÁö
When presentment not required . - Presentment for payment is not required in
order to charge the drawer where he has no right to expect or require that the
drawee or acceptor will pay the instrument . ( Acts 1907 , Reg . Sess . , c . 81 . ) . $
80 .
When presentment not required . - Presentment for payment is not required in
order to charge the drawer where he has no right to expect or require that the
drawee or acceptor will pay the instrument . ( Acts 1907 , Reg . Sess . , c . 81 . ) . $
80 .
91 ÆäÀÌÁö
Except as herein otherwise provided , when a negotiable instrument has been
dishonored by non - acceptance or non - payment , notice of dishonor must be
given to the drawer and to each indorser , and any drawer or indorser to whom
such ...
Except as herein otherwise provided , when a negotiable instrument has been
dishonored by non - acceptance or non - payment , notice of dishonor must be
given to the drawer and to each indorser , and any drawer or indorser to whom
such ...
95 ÆäÀÌÁö
When notice to drawer not required . - Notice of dishonor is not required to be
given to the drawer in either of the following cases : ( 1 ) Where the drawer and
the drawee are the same person ; ( 2 ) where the drawee is a fictitious person or
a ...
When notice to drawer not required . - Notice of dishonor is not required to be
given to the drawer in either of the following cases : ( 1 ) Where the drawer and
the drawee are the same person ; ( 2 ) where the drawee is a fictitious person or
a ...
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acceptance action Acts agent amount application appoint association auditor authority bank bill bond cause certificate chapter charge claim clerk Code commissioner of banking condition contract corporation county court creditors debt debtor decree deed deemed delivered demand deposit depository designated discharged dishonored district drawer drawn duties effect examination execution fieri facias filed five funds give given guilty hands holder honor hundred dollars indorsement institution instrument interest issue judgment least less liable lien loan ment mentioned months necessary negotiable notes notice officer otherwise paid party payable payment person presentment principal proper protest purchase real estate reasonable receive record representative resident Sess signature specified statement suit surety thereof thousand tion transfer treasurer trust trust company trustee unless writing
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79 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.
105 ÆäÀÌÁö - A cheque is a Bill of Exchange drawn on a banker payable on demand. Promissory Note. — A Promissory Note is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand or at a fixed...
83 ÆäÀÌÁö - To constitute notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith.
97 ÆäÀÌÁö - The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer; the acceptance must be in writing and signed by the drawee; it must not express that the drawee will perform his promise by any other means than the payment of money.
74 ÆäÀÌÁö - ... does not specify the value given, or that any value has been given ther.efor; or (3) does not specify the place where it is drawn or the place where it is payable...
96 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.
79 ÆäÀÌÁö - An instrument is negotiated when it is transferred from one person to another in such manner as to constitute the transferee the holder thereof. If payable to bearer it is negotiated by delivery ; if payable to order it is negotiated by the indorsement of the holder completed by delivery.
75 ÆäÀÌÁö - Where an instrument expressed to be payable at a fixed period after date is issued undated, or where the acceptance of an instrument payable at a fixed period after sight is undated, any holder may insert therein the true date of issue or acceptance, and the instrument shall be payable accordingly.
101 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.
77 ÆäÀÌÁö - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.