A Treatise On the Law of Promissory Notes And Bills of Exchange volume 1
A Treatise On the Law of Promissory Notes And Bills of Exchange volume 1
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In our eReader you can find the full English version of the book. Read A Treatise On the Law of Promissory Notes And Bills of Exchange volume 1 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 Treatise On the Law of Promissory Notes And Bills of Exchange volume 1
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Nick- erson, 13 Mass. 131. After referring to the analogy generally recognized in this respect between a note payable on demand and a bill payable at sight, so that, as in the latter case the holder must present his bill for acceptance within a reasonable time, in order to charge the drawer, so in the former, the indorsee must make demand of payment on the promisor within a reasonable time, in order to charge the indorser, the learned judge says : " And we are of opinion that this is the correc...t doctrine on the subject. For as, on the one hand, it can hardly be supposed that the indorser and indorsee, when they make their contract, contemplate a liability on the indorser, unless reasnnar ble pains should be taken to procure payment of the actual debtor ; so, on the otner, we do not think it enters into their calculations that, as between them, the note should be considered due when drawn iu such manner as to require, in all cases, a demand CH. VUI. ] BONA FIDE HOLDER OF NEGOTIABLE PAPEK.
What to read after A Treatise On the Law of Promissory Notes And Bills of Exchange volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Theophilus Parsons to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Nick- erson, 13 Mass. 131. After referring to the analogy generally recognized in this respect between a note payable on demand and a bill payable at sight, so that, as in the latter case the holder must present his bill for acceptance within a reasonable time, in order to charge the drawer, so in the former, the indorsee must make demand of payment on the promisor within a reasonable time, in order to charge the indorser, the learned judge says : " And we are of opinion that this is the correc...t doctrine on the subject. For as, on the one hand, it can hardly be supposed that the indorser and indorsee, when they make their contract, contemplate a liability on the indorser, unless reasnnar ble pains should be taken to procure payment of the actual debtor ; so, on the otner, we do not think it enters into their calculations that, as between them, the note should be considered due when drawn iu such manner as to require, in all cases, a demand CH. VUI. ] BONA FIDE HOLDER OF NEGOTIABLE PAPEK.
What to read after A Treatise On the Law of Promissory Notes And Bills of Exchange volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Theophilus Parsons to read onlineMoreLess
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