Popular Law Library, Putney 9

Cover Popular Law Library, Putney 9
Popular Law Library, Putney 9
Albert Hutchinson Putney
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125 TITLE IIL— PROMISSORY NOTES AND CHECKS.
Article I.
[What is a negotiable fromissort note.] § 184. A negotiable proinissoiy note within the mean- ing of this act is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand or at a fixed or determinable future time, a sum certain in money to order or to bearer. Where a note is drawn to the maker's own order, it is not complete until indorsed by him.
[What is a check.] § 185. A check is a
... bill of exchange drawn on a bank payable on demand.
Except as herein otherwise provided, the provisions of this act are applicable to a bill of exchange payable on demand apply to a check.* [Requisite action on checks, presentbient, NoncE, ETC.] § 186. A check must be presented for payment within a reasonable time after its issue, and notice of dishonor given to the drawer as provided for in the case of bills of exchange, or the drawer will be discharged from liability thereon to the extent of the loss caused by the delay.


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