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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 171   View pdf image (33K)
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BILLS OF EXCHANGE AND PROMISSORY NOTES 171

124.

Usual banking practice as to mailing letters is prima facie compliance with
this section. Test of sufficient notice to endorsers Wolf v. Union Trust Co ,
150 Md. 390.

125.

See notes to sec 124.

CHAPTER IX.—Discharge of Negotiable Instruments.

138.

This section referred to in construing sec. 48 Coffee Co v Page, Receiver,
161 Md 508

An. Code, 1924, sec 139 1912, sec. 139 1904, sec. 139 1898, ch. 119. 1927, ch 490

139. A person secondarily liable on the instrument is discharged:

1. By any act which discharges the instrument;

2. By the intentional cancellation of his signature by the holder;

3. By the discharge of a prior party;

4. By a valid tender of payment made by a prior party;

5. By a release of the principal debtor, unless the holder's right of
recourse against the party secondarily liable is expressly reserved;

6. By any agreement binding upon the holder to extend the time of
payment, or to postpone the holder's right to enforce the instrument, unless
made with the assent of the party secondarily liable, or unless the right
of recourse against such party is expressly reserved.

CHAPTER X.—Bills of Exchange; Form and Interpretation.

145.

A check is a negotiable instrument Dean v Eastern Shore Trust Co , 159
Md 216.

See notes to sec. 160.

CHAPTER XI.—Acceptance of Bills of Exchange.

151.

See notes to sec 160

158.

See notes to sec. 160

160.

"Accepted for payment" followed by "as per Reolo contract" qualified accept-
ance by making it conditional upon performance of contract Int Finance Corp
v Calvert Drug Co, 144 Md 314

CHAPTER XVII.—Promissory Notes and Checks.

203.

See notes to sec. 25.

204.

A check is a negotiable instrument Dean v. Eastern Shore Trust Co , 159
Md 216

As to checks drawn by and payable to fiduciaries, see art. 37A, secs 5 and 6


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 171   View pdf image (33K)
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