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Page 182
... failure of consideration , the burden shifts to holder to show that he obtained note without knowledge of possible infirmities . Rein V. Merriell , App . 4 Cir.1963 , 150 So.2d 73 . Where maker of a negotiable note establishes a failure ...
... failure of consideration , the burden shifts to holder to show that he obtained note without knowledge of possible infirmities . Rein V. Merriell , App . 4 Cir.1963 , 150 So.2d 73 . Where maker of a negotiable note establishes a failure ...
Page 207
... Failure of consideration In general 6 Failure of consideration defined 7 Neglect or fault of payee 8 Partial failure of consideration 10 Persons against whom defense may be as- serted 38 Persons who may assert defense 35 Presumptions ...
... Failure of consideration In general 6 Failure of consideration defined 7 Neglect or fault of payee 8 Partial failure of consideration 10 Persons against whom defense may be as- serted 38 Persons who may assert defense 35 Presumptions ...
Page 209
... failure of consideration . Wag- envoord Broadcasting Co. v . Le Blanc , App . 4 Cir . 1969 , 221 So.2d 282 . Failure of consideration may always be shown , since it touches the validity of the instru- ment . Greco v . Catalano , App ...
... failure of consideration . Wag- envoord Broadcasting Co. v . Le Blanc , App . 4 Cir . 1969 , 221 So.2d 282 . Failure of consideration may always be shown , since it touches the validity of the instru- ment . Greco v . Catalano , App ...
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Common terms and phrases
acceptance acceptor accommodation party action agreement alleged American Law Reports amount Article Bank & Trust Bank of Louisiana Bills and Notes blank burden of proof cashier's check certificate claim comaker Commercial Laws consist of R.S. corporation Credit creditor debt defense demand demand note deposit depositary bank discharge draft drawee drawee bank drawer due course Edition or ULA effective failure of consideration forged form Commercial Code former Section fraud Historical and Statutory holder in due indorser instru La.Ann La.App liability Louisiana maker Master Edition maturity mortgage note negotiable instrument notary notes preceding R.S. notice of dishonor notice of protest obligation Orleans paid payee payee's payment person plaintiff Presumptions and burden Prior Laws promise promissory note purchase recover repealed seller signature signed Statutory Notes subject matter Subsection Table 1 preceding thereof tion transfer Uniform Commercial Code warranty Westlaw Electronic Research writ denied