Handbook of the Law of Bills And Notes

Cover Handbook of the Law of Bills And Notes
Handbook of the Law of Bills And Notes
Charles Phelps Norton, William Underhill Moore, Harold Mclean Wilkie
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BeaU t. Russell, 76 Misc. Rep. 244, 134 N. Y.
Supp. 633 (N. I. Im). See, however, Thiel v. Butker, 125 La. 473, 51 South. 600, 28 K R. A. (N. S.) 1065; Austin t. First Nat Bank of ScottsviUe, 150 Ky. 113, 150 S. W. 8 (N. I. L.). It is sometimes diffi- cult to determine whether or not an instrument is overdue when ne- gotiated, within the meaning of this rule. In the case of an instru- ment payable at a fixed future time it is clear that if the transfer is at any time on the day of maturity it i
...s before maturity within the meaning of this rule. Wilkins v. Usher, 123 Ky. 606, 97 S. W.
87 (N. I. L.). See Johns v. Rice (Iowa) 145 ,N. W. 290 (N. I. L.).
In Hodge v. Wallace, 129 Wis. 84, 108 N. W. 212, 116 Am. St Rep. 938 (N. I. L.), it was held that a note providing express- ly that the failure to pay any Installment of interest when due should cause the principal sum of the note to become immediately due and payable is, after such default, overdue within the meaning of this rule. See comments on this decision in Taylor v.


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