A Treatise On Negotiable Instruments for Colorado Connecticut District of Colu

Arthur W Arthur William Selover

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The liability of the maker of a negotiable instrument, based on the mere fact of its execution by him, is measured by the promise contained therein, which is that he will pay the instrument ac- cording to its tenor. 2 By making the instrument he also admits the existence of the payee, and his then capacity to indorse. ^ 1 Neg. Inst. Laws Colo. , Conn. , D. C, Fla. , Idaho, Iowa, Ky. , La. . Mass. . Mo. , Mout. , Nev. , N. H. , N. J. , N. M. , N. C, N. D. , Okl. , Or. , Pa. , Tenn. , Utah, Va. ,... Wash. , W. Va. , Wyo. (§ 18); Ariz. (§ 3321); III. (§ 18); Kan. (§ 25); Md. (§ 37); Mich. (§ 20); Neb. (§ 18); N. Y. (§ 37); Ohio (§ 3171 q); R. L (§ 26); Wis. (§ 1675-18). Seattle Shoe Co. V. Packard, 43 Wash. 527, 86 Pac. 845, 117 Am. St. Rep. 1064. 2 Neg. Inst. Laws Colo. , Conn. , D. C, Fla. , Idaho, Iowa, Ky. , La. , Mass. , Mo. , Mont. , Nev. , N. H. , N. J. , N. M. , N. C, N. D. , Okl. , Or. , Pa. , Tenn. , Utah, Va. , Wash. , W. Va. , Wyo. (§ 60); Ariz. (§ 3363); 111. (§ 60); Kan.

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