The Law of Modern Commercial PracticesBaker, Voorhis, 1958 - 1174 pages |
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Page 362
... payee is omitted does not need to indorse it , and hence incurs none of the liabilities of an indorser . Therefore an in- strument in which the name of the payee is omitted , is more attractive to a purchaser . If the instrument did ...
... payee is omitted does not need to indorse it , and hence incurs none of the liabilities of an indorser . Therefore an in- strument in which the name of the payee is omitted , is more attractive to a purchaser . If the instrument did ...
Page 404
... payee and the payee's then capacity to indorse . Therefore if a holder sues the maker on the note , the maker may not set up as a defense that there was no such person as the payee , and hence that the payee could not pass title to the ...
... payee and the payee's then capacity to indorse . Therefore if a holder sues the maker on the note , the maker may not set up as a defense that there was no such person as the payee , and hence that the payee could not pass title to the ...
Page 468
... payee . " But a North Dakota court denied such a recovery on the ground that the conduct of the payee in transferring such note to a holder in due course cannot be deemed an actionable wrong , because since the maker gave the note to ...
... payee . " But a North Dakota court denied such a recovery on the ground that the conduct of the payee in transferring such note to a holder in due course cannot be deemed an actionable wrong , because since the maker gave the note to ...
Contents
The Merchant and Craft Guilds | 2 |
Middlemen Types and Services | 8 |
Bills of Lading and Warehouse Receipts | 14 |
Copyright | |
168 other sections not shown
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Common terms and phrases
acceptance acceptor agent amount App Div authority bailee bailment bankruptcy bill of exchange bill of lading blank breach Bulk Sales Act buyer carrier claim clause Code commercial commercial paper common carrier common law consignee court creditors damages dealer debt debtor defense delivered delivery demand deposit depositor discharge discount dollars draft drawee bank drawer due course Federal Reserve Bank Federal Reserve System fraud funds held holder in due indorsement insolvent instru intention Law Merchant liable lien loan maker maturity ment Misc Negotiable Instruments Law notice of dishonor paid paper party pass payable to bearer payee payment plaintiff possession presentment promise to pay promissory note purchaser reasonable receipt received recover render rule Sales Act seller shipment signature statute Supp third person tion transaction transfer Trust Uniform Uniform Commercial Code Williston York