Negotiable Instruments
Negotiable Instruments
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In our eReader you can find the full English version of the book. Read Negotiable Instruments 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 Negotiable Instruments
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Where the consideration is voidable as against public policy, or made so by statute the contract cannot be en- forced as between the original parties; but an innocent holder for value of negotiable paper founded upon such consideration may recover thereon. If, however, the statute prohibits the transaction under a penalty, or de- clares that a contract founded upon consideration there- for to be absolutely void, a negotiable instrument issued in fulfillment thereof is invalid even in the hands ...of an 23 American Correspondence School of Laic.
innocent holder for value. Where a part of the consid- eration is so illegal, it taints the entire instrument and there can be no recovery thereon. Barnard v. Backhaus, 52 Wis. 593.
A bill of exchange is not complete until it has been accepted, although it is subject to negotiation as soon as delivered to the payee. The drawee is not liable be- fore he has accepted the bill, although he is in possession of funds of the drawer sufficient to pay the amount.
What to read after Negotiable Instruments?
You can find similar books in the "Read Also" column, or choose other free books by Robert Mckee Bashford to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Where the consideration is voidable as against public policy, or made so by statute the contract cannot be en- forced as between the original parties; but an innocent holder for value of negotiable paper founded upon such consideration may recover thereon. If, however, the statute prohibits the transaction under a penalty, or de- clares that a contract founded upon consideration there- for to be absolutely void, a negotiable instrument issued in fulfillment thereof is invalid even in the hands ...of an 23 American Correspondence School of Laic.
innocent holder for value. Where a part of the consid- eration is so illegal, it taints the entire instrument and there can be no recovery thereon. Barnard v. Backhaus, 52 Wis. 593.
A bill of exchange is not complete until it has been accepted, although it is subject to negotiation as soon as delivered to the payee. The drawee is not liable be- fore he has accepted the bill, although he is in possession of funds of the drawer sufficient to pay the amount.
What to read after Negotiable Instruments?
You can find similar books in the "Read Also" column, or choose other free books by Robert Mckee Bashford to read onlineMoreLess
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