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Art.
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Sec.
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Art.
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Sec.
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Bills and Notes — Cont'd:
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Bills and Notes — Cont'd:
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2. NEGOTIABLE INSTRUMENTS ACT —
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2. NEGOTIABLE INSTRUMENTS ACT —
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Cont'd:
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Cont'd:
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Negotiable Instruments Generally —
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Negotiable Instruments Generally —
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Cont'd:
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Cont'd:
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Form and Requirements — Cont'd
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Indorsements — Cont'd :
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Signature to blank paper for
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Of instrument payable to "cash-
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negotiable instrument ......
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13
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33
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ier" or other bank officer ;
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Sum payable ; when deemed
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negotiation of ..............
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13
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61
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certain ....................
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13
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21
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Place of ; presumption as to ....
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13
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65
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Terms of; when sufficient.....
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13
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29
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Qualified; status of indorser;
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To whose order instrument may
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how made ; effect ...........
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13
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57
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be drawn .payable ..........
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27
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Restrictive; defined; effect of.
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55
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Undated at issue or acceptance ;
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Restrictive; rights of indorsee;
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inserting date ; legal effect ...
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32
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of subsequent indorsees.......
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13
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56
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Wrong date ; effect of .........
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32
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Special ; in blank ; effect of ....
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13
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53
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Holder:
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Special, of instrument payable
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Defective title of; infirmities
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to bearer ; effect..............
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13
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59
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which may cause ............
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74
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Special or blank; restrictive,
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Deriving title from holder in
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qualified or conditional; may
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due course ; rights of ........
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77
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be any .....................
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52
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In due' course ; rights of .......
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76
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Striking out of; effect on
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Accommodation party liable
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holder's rights ..............
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67
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to .......................
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48
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Time of ; presumption of ......
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64
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Instrument good in hands of
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32, 33, 35
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To prior party ; further negotia-
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Holder of lien on instru-
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tion by ; intervening party re-
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ment is .................
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46
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leased .....................
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69
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What constitutes ..........
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45
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Transfer without; effect of....
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68
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Who is deemed to be........
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71
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Where name is wrongly desig-
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Is prima facie a holder in due
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nated or misspelled .........
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62
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course; burden of proof; ex-
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Without recourse .............
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57
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ception ....................
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78
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Indorser:
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May sue thereon in his own
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General, liability of ...........
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85
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name .....................
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70
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Irregular; liability of ..........
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83
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Not a holder in due course;
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Irregular; when person is held
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when ......................
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72
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to be ......................
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82
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Not in due course; rights of..
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77
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Joint payees or joint indorsees
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Notice of infirmities to; what
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indorse jointly and severally
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87
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constitutes ................
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75
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Of instrument negotiable by
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Of instrument without indorse-
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delivery ; liabilities of .......
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86
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ment; rights ...............
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68
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Order in which liable; agree-
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Payment to ; effect............
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70
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ments inter sese as to liability.
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87
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Striking out of indorsement by ;
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Persons signing irregularly held
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effect ......................
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67
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to be ......................
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82
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Title of; when deemed defec-
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Qualified ; warranties of .......
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13
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84
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tive ; infirmities ............
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74
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Warranties of in cases of quali-
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Undated or blank note ........
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32,33
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fied indorsement ...........
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13
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84
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With lien on instrument to be
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Without qualification; warran-
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deemed holder for value....
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46
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ties to subsequent holders in
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With notice of defect before
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due course .................
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13
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85
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paying full consideration ;
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Instruments payable at a bank;
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rights of such transferee .....
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73
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nature of ..................
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106
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Indorsements :
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Legal holidays; act falling on,
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Blank may be converted to
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when to be done ...........
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17,104
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special by holder............
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54
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Liabilities of Parties: (See In-
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By infant or corporation;
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dorser, supra.)
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effect ......................
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13
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41
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Broker or agent who negotiates
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Conditional ; obligee paying
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without indorsement ........
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88
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may ignore ; rights of holding
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Of acceptor; obligation of; ad-
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indorsee or payee ...........
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58
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missions ...................
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81
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How made ...................
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50
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Of drawer; warranties; admis-
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In representative, capacity .....
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63
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sions ; may limit liability ....
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80
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Must be of entire instrument...
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51
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Of maker; warranties; admis-
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Negotiation by broker or other
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sions ......................
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79
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agent without ; liability of ...
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88
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Negotiability :
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No reversal of judgment on ap-
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Continues until restrictive in-
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peal because in blank.........
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8
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dorsement or discharge ......
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66
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Not to affect negotiability un-
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Delivery ; when effectual ; when
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less restrictive ..............
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66
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presumed ..................
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35
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Of instrument payable to order
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Facts not impairing............
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25
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of two or more payees or in-
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Instrument payable on contin-
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dorsees .....................
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60
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gency not negotiable ........
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23
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