A Practical Treatise On the Business of Banking And Commercial Credits
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In our eReader you can find the full English version of the book. Read A Practical Treatise On the Business of Banking And Commercial Credits Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Practical Treatise On the Business of Banking And Commercial Credits
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To quickly assess the difficulty of the text, read a short excerpt:
A maker should make the note payable to his own order and indorse it to the bank, even if it goes direct from his hands to the bank.
§ 441. Calculating Time. Most notes are timed on their face by the maker, though the bank takes no notice of such record, but computes the time for itself. A bank must be ex- act in its own business, and if a maker should, intentionally or unintentionally, miscalculate the due date and the bank should abide by such calculation and not make demand of payment at the... proper time, it would probably be held liable for its laches.
When a note is drawn for months it is nominally due on the day of the month corresponding to its date, counting the re- quired number of months forward, and legally due three days afterward. For example, if a note dated May 7th is drawn for four months it is due four months after May 7th, or Sept. 7th, adding three days of grace, it is due Sept. 10th.
A quick method for timing paper drawn for months is to add the number of months to run to the number of the month of date and this sum is the number of the month of maturity.
What to read after A Practical Treatise On the Business of Banking And Commercial Credits?
You can find similar books in the "Read Also" column, or choose other free books by John B Duryea to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A maker should make the note payable to his own order and indorse it to the bank, even if it goes direct from his hands to the bank.
§ 441. Calculating Time. Most notes are timed on their face by the maker, though the bank takes no notice of such record, but computes the time for itself. A bank must be ex- act in its own business, and if a maker should, intentionally or unintentionally, miscalculate the due date and the bank should abide by such calculation and not make demand of payment at the... proper time, it would probably be held liable for its laches.
When a note is drawn for months it is nominally due on the day of the month corresponding to its date, counting the re- quired number of months forward, and legally due three days afterward. For example, if a note dated May 7th is drawn for four months it is due four months after May 7th, or Sept. 7th, adding three days of grace, it is due Sept. 10th.
A quick method for timing paper drawn for months is to add the number of months to run to the number of the month of date and this sum is the number of the month of maturity.
What to read after A Practical Treatise On the Business of Banking And Commercial Credits?
You can find similar books in the "Read Also" column, or choose other free books by John B Duryea to read onlineMoreLess
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