Volume 379, Page 488 View pdf image (33K) |
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488 ARTICLE 13
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, 1924, sec. 134. 1912, 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, 1924, sec. 137. 1912, sec. 135. 1904, sec. 135. 1898, ch. 119.
135. Where due notice of dishonor by non-acceptance has been given,
An. Code, 1924, sec. 136. 1912, sec. 136. 1904, sec. 136. 1898, ch. 119.
136. An omission to give notice of dishonor by non-acceptance does
An. Code, 1924, sec. 137. 1912, sec. 137. 1904, sec. 137. 1898, ch. 119.
137. Where any negotiable instrument has been dishonored it may be
CHAPTER IX.—Discharge of Negotiable Instruments.
An. Code, 1924, sec. 138. 1912, 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-
This section makes no distinction between a negotiable instrument held by "a holder
The methods of discharge herein enumerated are exclusive of a discharge in any
See notes to secs. 22 and 141.
This section referred to in construing sec. 48. Coffee Co. v. Page, Receiver, 161 |
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Volume 379, Page 488 View pdf image (33K) |
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