Business Law: A Working Manual of Every-day LawRonald Press Company, 1920 |
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Palavras e frases frequentes
acceptance action agency agent agreed agreement amount appointed assigned authority bank bill of exchange bind breach bring suit buyer by-laws certificate CHAPTER claim common law compensation condition Constitution contract of sale contract to sell corporation court court of equity creditors damages directors discharge dividends drawee drawer due course duty effect employee enforce entitled equity firm give held holder in due indorsement injury insolvency interest lawyer liable limited loss maker matter ment necessary negotiable instrument notice obligation officers oral contract paid par value partner partnership payable payee payment perform preferred stock principal profits promissory note purchaser recover refuse REVIEW QUESTIONS rule seal seller signature signed specified Statute of Frauds stockholders third party third person tion tract transactions undisclosed principal unless unwritten law usually wages warranty written contract
Passagens conhecidas
Página 214 - An instrument to be negotiable must conform to the following requirements: 1. It must be in writing and signed by the maker or drawer. 2. Must contain an unconditional promise or order to pay a sum certain in money.
Página 228 - In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were negotiable. But a holder who derives his title through a holder in due course...
Página 226 - That it is complete and regular upon its face. (2) That he became the holder of it before it was overdue, and without notice that it had been previously dishonored, if such was the fact. (3) That he took it in good faith and for value. (4) That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it.
Página 239 - Notice of dishonor is not required to be given to an indorser in either of the following cases — 1. Where the drawee is a fictitious person or a person not. having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument; 2. Where the indorser is the person to whom the instrument is presented for payment; 3. Where the instrument was made or accepted for his accommodation.
Página 229 - Where a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or under such signature, unless the party against whom it is sought to enforce such right is precluded from setting up the forgery or want of authority.
Página 238 - If given at the place of business of the person to receive notice, it must be given before the close of business hours on the day following.
Página 260 - A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.
Página 257 - A check is a bill of exchange drawn on a bank payable on demand. Except as herein otherwise provided, the provisions of this act applicable to a bill of exchange payable on demand apply to a check.
Página 255 - When the acceptor of a bill drawn in a set, pays it without requiring the part bearing his acceptance to be delivered up to him, and that part at maturity is outstanding in the hands of a holder in due course, he is liable to the holder thereon.
Página 220 - Does not specify the place where it is drawn or the place where it is payable; or 4.