Digest of Legal Opinions of Thomas B.. Paton: General Counsel of the American Bankers Association, which Have Been Published in the Issues of the Journal of the American Bankers Association, from July 1908, to June 1919, Inclusive
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agent American Bankers Association amount April authority bank received bank to pay bank's bearer check bill of lading blank bona fide holder cashed cashier certificate of deposit certified check check drawn check payable Chemical Nat claim collateral collecting bank Comsr's corporation courts debt demand note depositor dishonor dorsement draft drawee bank due course forged check forgery funds guaranteed held holder in due insolvent Inst Instruments Law Iowa John Doe liable loan maker Mass maturity ment Minn mortgage Nat Bk national bank Negotiable Instruments Northwestern Nat notary note payable notice Ohio Okla Opin Opinion pass-book payee person presented prior indorsements protest purchaser recover refuse payment Sept Smith statute stockholder stop payment Tenn Union Nat usury valid
Page 164 - ... 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.
Page 77 - No bank shall be liable to a depositor for the payment by it of a forged or raised check, unless within one year after the return to the depositor of the voucher of such payment, such depositor shall notify the bank that the check so paid was forged or raised.
Page 46 - Where the sum payable is expressed in words and also in figures and there is a discrepancy between the two, the sum denoted by the words is the sum payable; but if the words are ambiguous or uncertain, reference may be had to the figures to fix the amount; 2.
Page 127 - The notice may be in writing or merely oral and may be given in any terms which sufficiently identify the instrument, and indicate that it has been dishonored by nonacceptance or nonpayment. It may in all cases be given by delivering it personally or through the mails.
Page 139 - 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 164 - Where the instrument is made payable at a bank it is equivalent to an order to the bank to pay the same for the account of the principal debtor thereon.
Page 9 - An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Page 139 - Where a bill of exchange has been protested for dishonour by non-acceptance, or protested for better security, and is not overdue, any person, not being a party already liable thereon, may, with the consent of the holder, intervene and accept the bill supra protest for the honour of any party liable thereon, or for the honour of the person for whose account the bill is drawn.
Page 77 - Hence it follows that no right of action exists, and the statute of limitations does not begin to run until the demand stipulated for in the contract has been duly made.