McMaster's Commercial Decisions Affecting the Banker and Merchant [from the Decisions of the Highest Courts of the Several States], [1879-1913], Vol. 1-12, 15, 16, Volume 9 |
Common terms and phrases
affirmed agent agreed agreement alleged amount appellant appellee assignment attorney authority bill of lading bonds cashier cattle cent Circuit Court claim collection consent consideration contract corporation creditor debt debtor Decision defendant defendant's delivered delivery demand demurrer deposit discharge discounted draft drawee drawer Easton Company Eigholz error evidence executed fact favor Flato funds guaranty held holder Howard County husband indorsed interest Interstate Bank judgment jury latter liability lien loan maker maturity ment N. Y. Supp National Bank Negotiable Instruments Negotiable Instruments Law notice obligation owner paid paper Park National Bank parties payable payee payment person Perth Amboy plaintiff plaintiff in error principal promise to pay promissory note purchase question Ramsay Raunheim reason received recover rule signed statute of limitations sued Supreme Court surety thereof tion transaction trial court trust verdict
Popular passages
Page 89 - Constitutes a Holder in Due Course. A holder in due course is a holder who has taken the instrument under the following conditions: 1. That it is complete and regular upon its face; 2. That he became the holder of it before it was overdue, and without notice that it had been previously dishonored, if such was the fact; 3. That he took it in good faith and for value; 4. That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person...
Page 135 - ... a person shall be deemed insolvent within the provisions of this act whenever the aggregate of his property, exclusive of any property which he may have conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, with intent to defraud, hinder or delay his creditors, shall not, at a fair valuation, be sufficient in amount to pay his debts.
Page 362 - An unqualified order or promise to pay is unconditional within the meaning of this Act, though coupled with: 1. An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or 2. A statement of the transaction which gives rise to the instrument; but an order or promise to pay out of a particular fund is not unconditional.
Page 40 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Page 78 - A deposit by one person of his own money, in his own name as trustee for another, standing alone, does not establish an irrevocable trust during the lifetime of the depositor. It is a tentative trust merely, revocable at will, until the depositor dies or completes the gift in his lifetime by some unequivocal act or declaration, such as delivery of the pass book or notice to the beneficiary.
Page 129 - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as a holder in due course.
Page 6 - ... had and received by the defendant to the use of the plaintiff...
Page 160 - Every negotiable instrument is deemed prima facie to have been issued for a valuable consideration, and every person whose signature appears thereon to have become a party thereto for value.
Page 130 - To constitute notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith.
Page 362 - Where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty.