What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
acceptance for honor acceptance to pay acceptor agent agreement amount authority bank bill drawn bill of exchange bona fide purchaser contract corporation creditor Crosse bank debt debtor deemed defense delay delivered delivery demand diligence discharged dishonored by non-acceptance dorsed dorsement dorser draft due course Ency estopped excused extension fact fraud funds give notice given Held holder in due Ibid indorsed in blank instru instrument is payable Kilkelly law merchant liable thereon maker maturity ment negotiable instrument notary note payable Note—A Note—Where notice of dishonor paid paper payee payment is specified place of business place of payment plaintiff post office presented for acceptance Presentment for payment principal prior parties promissory note purchaser reasonable received residence rized Section signature signed Sparta statute statute of frauds strument subsequent sufficient supra protest surety thereof thereto third person tion transfer usurious valid waiver Wisconsin words
Page 17 - 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 un.der 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.
Page 30 - 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.
Page 32 - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as a holder in due course.
Page 27 - 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.1 Sec.
Page 11 - When it is payable to the order of a fictitious or nonexisting person, and such fact was known to the person making it so payable; or 4. When the name of the payee does not purport to be the name of any person; or 5. When the only or last indorsement is an indorsement in blank.
Page 10 - An instrument is payable on demand — 1. Where it is expressed to be payable on demand, or at sight, or on presentation; or 2. In which no time for payment is expressed. Where an instrument is issued, accepted, or indorsed when overdue, it is, as regards the person so issuing, accepting, or indorsing it, payable on demand.
Page 20 - 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.
Page 61 - 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.
Page 13 - ... delivery may be shown to have been conditional, or for a special purpose only, and not for the purpose of transferring the property in the instrument.
Page 46 - Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence. When the cause of delay ceases to operate, presentment must be made with reasonable diligence.