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CONTENTS
3.
§ 4.
§ 5.
§ 6.
§ 7.
How bills and notes may be transferred....
Summary: Bills and notes are negotiable...
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
law
....
Bills and notes are transferable obligations..
Practical consequences of bills and notes being trans-
ferable.....
22
4468
CHAPTER II.
Formal Requisites of Negotiable Instruments.
§ 8. In general......
§ 8a. Ordinary forms of negotiable instruments..
9. Materials for writing. Signature...
9
10
11
Promise or order to pay out of particular fund is condi-
§ 17. Promise or order must be certain in amount payable at
"
maturity ....
§ 18.
Costs of collection and attorney's fees...
21
§ 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...
28. Same (continued).
23. Promise or order must be to pay money.
24. Current funds.....
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
41
42
§ 29. Certainty of parties: Maker or drawer.
30. Same: Signatures of agents.....
§ 31. Same (continued).....
32. Certainty of parties: Payee....
33. Fictitious payees
34. Alternative payees..
35. Successive holders of office as payees.
Same (continued)......
§ 38. Negotiable instrument must be payable to order or bearer.. 44
§ 48. Intentional signing induced by fraud..........
49. "Delivery"
§ 50. Position of fraudulent payee or bearer...
51
52
§ 51.
§ 52.
Position of payee in case of conditional delivery...
Position of innocent purchaser of the instrument..
54
authority ....
§ 53. Incomplete instruments.....
§ 54. Innocent purchaser of instrument completed in excess of
§ 55. Incomplete instruments not intentionally delivered as such. 57
§ 56. Presumption of delivery..
§ 63. Presumption of consideration....
SECTION 2.
Consideration.
§ 57. What a consideration is..............
§ 58. Consideration necessary for negotiable instrument...
§ 59. Pre-existing debt as consideration.
§ 60.
Same (continued)...
SECTION 3.
Acceptance of Bills.
64
65
66
67
68
69
70
§ 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...
76. Acceptance by less than all of drawees...
§ 77. Acceptance by person not drawee....
§ 78.
Holder may require an unqualified acceptance written on
bill ...
§ 79.
Effect of taking qualified acceptance....
§ 84. Indorsement must be in writing on the instrument....
77
§ 85. Indorsement must be an order to pay.....
78
§ 86. Indorsement must be an order to pay the whole sum due
on instrument...
... 79
§ 87. Indorsement is not binding unless instrument is delivered. 80
§ 88. Kinds of indorsement....
80
§ 89. Special indorsements..
81
§ 90. Blank indorsements
§ 91.
Blank indorsement followed by special indorsement..
82
§ 92.
§ 93.
Special indorsement of instrument payable to bearer.. 83
Restrictive indorsement.....
84
§ 94. Indorsement prohibiting further negotiation..
§ 95. Indorsement constituting indorsee agent or trustee of in-
dorser ...
§ 96. Indorsement in trust for third person.
§ 97. Qualified indorsement....
§ 98. Conditional indorsements...
§ 99. Delivery without indorsement..
.84
85
87
88
89
90
CHAPTER V.
Rights of Holder in Due Course.
§100. In general.....
93
§101. Holder in due course must have acquired an existing in-
$104. Defences not available against holder in due course......
§105. Existing instrument must be acquired by holder in due
§106. Purchase of instrument must be in good faith and with-
out notice of defences..
§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....