A Treatise on Bills of Exchange, Promissory Notes, Coupon Bonds and Other Negotiable Instruments Volume 1

A Treatise on Bills of Exchange, Promissory Notes, Coupon Bonds and Other Negotiable Instruments Volume 1

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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. 1882 edition. Excerpt: ...rights of the indorsee.'. The party taking notes or bills already due, takes them as we have seen subject to every defense existing against them in the hands of the holder when they became due.' Bills and notes do not lose their negotiability by dishonor for non-payment or non-acceptance.' They may be transferred as well after as before they have been dishonored: ' and when paper overdue is transferred, it is deemed payable within a reasonable time, upon demand, ' and the purchaser takes it with the usual remedy against such indorsers thereon as have been properly charged with notice.' But the taking of a bill or note after maturity subjects the transferee to those defenses only, which might have been made to it in the hands of the transferrer; and if he acquired the note before maturity for value and without notice his transferee takes it subject only to the defenses that may have arisen against it while in his hands.' A transfer as well as an acceptance of a bill of exchange, supposes the existence of the bill accepted or transferred; but a blank indorsement will operate as a transfer of a bill not yet drawn, and it is no objection to the validity of a bill that the acceptance was written before it was filled up.' Nothing appearing to the contrary, the presumption of law is, that the indorsement is cotemporaneous with the making of anote, or at all events antecedent to its becoming due, and that it was taken in good faith;' so the indorsement will be presumed to have been made at the place where the bill or note is dated.' 378. _ When a bill payable acertain time after date 259 has been presented for acceptance and refused, and the holder has neglected to give notice of such dishonor...show more

Product details

  • Paperback | 186 pages
  • 189 x 246 x 10mm | 340g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236989007
  • 9781236989000