A Digest of the Law of Bills of Exchange, Promissory Notes and Checks
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1881 edition. Excerpt: ...3. Bill payable to " C. and D. or the order of either." C. alone indorses it to E. This is sufiicient.' To whom a bill may be negotiated. fjgggggegf Art. 129. When a bill is specially indorsed, the indorsee must (probably) be designated with the 1 same certainty that is requisite in the case of an original payeef N oTE.--Art. 123 creates the doubt. See the question there / discussed. As to payee, see Art. 9. f=e;g_m=f111I1d Art. 130. A bill may be negotiated to any party ' thereto----i. e., drawer, drawee, acceptor or prior indorser, and such party, subject to Art. 238, may re issue and further negotiate it." ILLUSTRATIONS. 1. C. is the holder of a bill accepted by B., payable three months after date. C. can indorse the bill to B., the acceptor, Re transfer and B., at any time before maturity, may re-issue, and indorse it to D.' 2. A., the drawer of a bill payable to his own order, indorses it to C. C. indorses it to D. who indorses it back to A. A. can re-issue the bill and indorse it to E.' Explanatz'on.--Vhen a bill is negotiated back to a party already liable thereon, he cannot sue the intermediate parties?, ILLUSTRATIONS. 1. C., the holder of a bill, indorses it D. D. indorses it to E., who indorses it back to 'C. C. cannot sue D. or E., for they in turn could sue him as a prior indorser.' But D. and Ehave not been discharged, for if C. re-indorse to F., they are liable to him as indorsers.' 2. C., the holder of a bill, indorses it " without recourse " to D., who indorses it to E. E. indorses it back to C. C. can sue D. and E., for they have no claim against him as a prior indorser. 3. B., for the accommodation of C., makes a note in his favor. C. indorses it to...
- Paperback | 94 pages
- 189 x 246 x 5mm | 181g
- 13 Sep 2013
- Illustrations, black and white