The Law of Commercial Paper

The Law of Commercial Paper

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ... in the absence of rebutting proofs. This presumption applies to every person whose name appears on the paper.91 183. Value--what is--Value means valuable consideration, as distinguished from a good consideration, which means love and affection.92 184. "Value received."--It is not necessary that these words, or their equivalent be used in an instru 89. Baley, J., in Sowerby v. Butcher, 2 Cromp. & M. 368. 90. Holliday v. Atkinson, 5 B. & C. 501; Hewitt v. Kaye, L. R. 6 Eq. 198; Boutelle v. Cowdin, 9 Mass. 253; Voorhees v. Woodhull, 33 N. J. L. 494; Phelps v. Phelps, 28 Barb. (N. 121. 91. Swift v. Tyson, 41 U. S. 1; Neg. Inst. Law, 24 (50); Howell v. Wright, 41 Hun (N. Y.), 167; Bristol v. Warner, 19 Conn. 7; Whitney v. Clary, 145 Mass. 156; Nat. Park Bank v. Saitta, 127 App. Div. (N. Y.) 624; Black v. Banlc, 96 Md. 399; Lynchburg etc. Co., v. Nat. Exchange Bank, 109 Va. 639. 92. Neg. Inst. Law, 191 (2); Harper v. Davis, 80 Atl. 1012. ment, for neither the validity or the negotiable character of the instrument is affected by their absence.93 185. What constitutes value.94 (a) Any consideration which will support a simple contract. This will include forbearance,85 compromise,90 or any other promise by which the promisee (the party taking the instrument) gives up some legal right. 186. Services.--Services rendered will constitute value, under the rule of past or executed consideration. Services to be performed in the future, if rendered before the maturity of the instrument, will be good value.97 187. Surrendering negotiable paper.--One gives value who surrenders or cancels negotiable paper in exchange for the new.98 The surrender or cancellation of an instrument of a third...
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Product details

  • Paperback | 94 pages
  • 189 x 246 x 5mm | 181g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236600428
  • 9781236600424