Volume 375, Page 385 View pdf image (33K) |
BILLS OF EXCHANGE AND PROMISSORY NOTES. 385
3. Where the drawer is the person to whom the instrument is presented
4. Where the drawer has no right to expect or require that the drawee 5. Where the drawer has countermanded payment. An. Code, sec. 134. 1904, sec. 134. 1898, ch. 119.
134. Notice of dishonor is not required to be given to an indorser in
1. Where the drawee is a fictitious person or a person not having capacity
2. Where the indorser is the person to whom the instrument is presented
3. Where the instrument was made or accepted for his accommodation. An. Code, sec. 135. 1904, sec. 135. 1898, ch. 119.
135. Where due notice of dishonor by non-acceptance has been given, An. Code, sec. 136. 1904, sec. 136. 1898, ch. 119.
136. An omission to give notice of dishonor by non-acceptance does An. Code, sec. 137. 1904, sec. 137. 1898, ch. 119.
137. Where any negotiable instrument has been dishonored it may be CHAPTER IX.—Discharge pf Negotiable Instruments. An. Code, sec. 138. 1904, sec. 138. 1898, ch. 119. 138. A negotiable instrument is discharged: 1. By payment in due course by or on behalf of the principal debtor;
2. By payment in due course by the party accommodated, where the 3. By the intentional cancellation thereof by the holder;
4. By any other act which will discharge a simple contract for the pay-
5. When the principal debtor becomes the holder of the instrument at
This section makes no distinction between a negotiable instrument held by " a
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Volume 375, Page 385 View pdf image (33K) |
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