Lectures on Commercial Law and the Law of Negotiable Instruments |
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Lectures on Commercial Law and the Law of Negotiable Instruments: 1912-1913 ... Samuel Williston No preview available - 2017 |
Lectures on Commercial Law and the Law of Negotiable Instruments: 1912-1913 ... Samuel Williston No preview available - 2015 |
Common terms and phrases
absolute defence accord and satisfaction agent agreed agreement Answer assent assignment authority bank bankrupt bargain bilateral contract bill of exchange bill of lading binding blank bona fide purchaser buyer carrier certificate certified check charge claim collateral consideration consignee corporation court creditor debt delivered delivery demand depositor discharge drawer due course effect excused executor forged fraud fraudulent fraudulent conveyance given holder in due illegal insolvent instru instrument payable maker Massachusetts maturity ment Negotiable Instruments Law notice of dishonor obligation offer order bill owner paid Parol Evidence Rule partner party primarily liable party secondarily liable payable to bearer payee payment personal defence power of attorney principal debtor promise to pay protest purchaser Question reasonable regard safe deposit company sell seller signature statute sum certain suppose surety third person tion transfer of stock trustee trustee in bankruptcy unless waiver
Popular passages
Page 147 - That he has no knowledge of any fact which would impair the validity of the instrument, or render it valueless.
Page 154 - Where an instrument, payable to bearer, is indorsed specially, it may nevertheless be further negotiated by delivery; but the person indorsing specially is liable as indorser to only such holders as make title through his indorsement.
Page 211 - ... 1. If sent by mail, it must be deposited in the post-office in time to go by mail the day following the day of dishonor, or if there be no mail at a convenient hour on that day, by the next mail thereafter.
Page 187 - Where an acceptance is written on a paper other than the bill itself, it does not bind the acceptor except in favor of a person to whom it is shown and who, on the faith thereof, receives the bill for value.
Page 220 - Where the drawee has been adjudged a bankrupt or an insolvent or has made an assignment for the benefit of creditors, presentment may be made to him or to his trustee or assignee.
Page 135 - 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.
Page 219 - Protest may be made by, — 1. A notary public; or 2. By any respectable resident of the place where the bill is dishonored, in the presence of two or more credible witnesses.
Page 138 - Authorizes a confession of judgment if the instrument be not paid at maturity ; or 3. Waives the benefit of any law intended for the advantage or protection of the obligor ; or 4. Gives the holder an election to require something to be done in lieu of payment of money. But nothing in this section shall validate any provision or stipulation otherwise illegal.
Page 144 - A check must be presented for payment within a reasonable time after its issue or the drawer will be discharged from liability thereon to the extent of the loss caused by the delay.
Page 194 - ... Where the instrument is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run, and by including the date of payment.