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COPYRIGHT, 1910
BY
LA SALLE EXTENSION UNIVERSITY
NOV 4 1912
CONTENTS
NEGOTIABLE INSTRUMENTS.
CHAPTER I.
Negotiability.
§ 1. Genesis of law of bills and notes in mercantile usage..... 1
§ 2. Decisions of courts adopt mercantile usage into common
§ 3.
law
Bills and notes are transferable obligations.....
§ 4. Practical consequences of bills and notes being trans-
ferable
5. Same:
§ 6.
....
Illustrations..
How bills and notes may be transferred....
§ 7. Summary: Bills and notes are negotiable..
CHAPTER II.
Formal Requisites of Negotiable Instruments.
§ 8. In general...
§ 8a. Ordinary forms of negotiable instruments.
§ 9. Materials for writing. Signature.
2 2
§ 10. Note must contain a promise...
14.
Promise or order to pay out of particular fund is condi-
tional
17
§ 15. Same (continued)..
18
§ 16. Statement of consideration does not make instrument con-
ditional
19
.....
§ 17. Promise or order must be certain in amount payable at
§ 19. Instruments payable with exchange...
$20. Instruments payable in installments
21. Promise or order must be certain as to the time of payment. 23
§ 22. Instruments payable on demand...
§ 25.
Particular kind of money...
§ 26.
Bill or note must order or promise payment of money only. 29
27.
Certainty of parties: Requisite parties..
31
§ 38. Negotiable instrument must be payable to order or bearer.. 44
§ 47.
Carelessness a question of fact......
§ 48. Intentional signing induced by fraud..
49
§ 54. Innocent purchaser of instrument completed in excess of
authority
...
... 57
58
§ 55. Incomplete instruments not intentionally delivered as such. 57
§ 56. Presumption of delivery...
SECTION 2.
Consideration.
What a consideration is......
§ 58. Consideration necessary for negotiable instrument.
§ 57.
§ 64. Drawee not bound unless he accepts...
65. Form of acceptance. Oral acceptance...
§ 66. Acceptance written on the bill.....
867. Extrinsic written acceptance......
§ 68. Virtual acceptance....
§ 69. Constructive acceptance.
70. Kinds of acceptance..
§ 71. Qualified acceptance...
§ 72. Conditional acceptance...
§ 73. Partial acceptance...
888588J
76. Acceptance by less than all of drawees...
877. Acceptance by person not drawee....
§ 78. Holder may require an unqualified acceptance written on
§ 74. Local acceptance...
§ 75. Acceptance qualified as to time..
CHAPTER IV.
Negotiation.
§ 80. Transfer generally..
§ 81. Who may negotiate..
§ 82. Transfer by delivery..
883. Form of indorsement....
§ 84. Indorsement must be in writing on the instrument..
§ 85. Indorsement must be an order to pay..................
.... 79
§ 86. Indorsement must be an order to pay the whole sum due
on instrument.....
80
§ 87. Indorsement is not binding unless instrument is delivered. 80
§ 88. Kinds of indorsement...
§ 89. Special indorsements.
81
§ 90. Blank indorsements
§ 91.
Blank indorsement followed by special indorsement....... 82
§ 92. Special indorsement of instrument payable to bearer..... 83
§ 93. Restrictive indorsement.....
§ 94. Indorsement prohibiting further negotiation...
84
.84
§ 95. Indorsement constituting indorsee agent or trustee of in-
dorser ...
85
§101. Holder in due course must have acquired an existing in-
strument
94
$102. Same: Illegality and other defects.....
$103. Same: Reasons stated......
95
... 96
§104. Defences not available against holder in due course...... 98
§105. Existing instrument must be acquired by holder in due
course
. 99
§106. Purchase of instrument must be in good faith and with-
out notice of defences....
99
§110. Purchase from partner, agent, or trustee...
..103
§111. Transferee must part with value in exchange for the in-
§116. Notice to purchaser before he has parted with value......110
$117. Purchaser with notice from holder in due course.
..112
$118. Same: Participant in prior wrongdoing....