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Page 337
... liability of the drawer if a draft is accepted by a drawee other than a bank and the accep- tor dishonors . The drawer of an unac- cepted draft is the only party liable on the instrument . The drawee has no liability on the draft ...
... liability of the drawer if a draft is accepted by a drawee other than a bank and the accep- tor dishonors . The drawer of an unac- cepted draft is the only party liable on the instrument . The drawee has no liability on the draft ...
Page 344
... Liability of endorsers , whether accommoda- tion endorsers or not , is secondary and condi- tioned upon presentment ... liability In absence of restrictions , prior indorsers are liable to one who pays . Caskey v . Crawley , App.1931 ...
... Liability of endorsers , whether accommoda- tion endorsers or not , is secondary and condi- tioned upon presentment ... liability In absence of restrictions , prior indorsers are liable to one who pays . Caskey v . Crawley , App.1931 ...
Page 370
... Liability of person indorsing negotiable in- strument " I guarantee payment " . 8 Tul.L. Rev. 602 ( 1934 ) . Recovery by accommodation party . 31 Tul . L.Rev . 667 ( 1957 ) . Rights of solidary surety : Louisiana Bank & Trust Co. v ...
... Liability of person indorsing negotiable in- strument " I guarantee payment " . 8 Tul.L. Rev. 602 ( 1934 ) . Recovery by accommodation party . 31 Tul . L.Rev . 667 ( 1957 ) . Rights of solidary surety : Louisiana Bank & Trust Co. v ...
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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paid payee payee's payment person plaintiff Presumptions and burden Prior Laws promise promissory note purchase recover repealed seller signature signed Statutory Notes subject matter Subsection Table 1 preceding thereof tion transfer Uniform Commercial Code warranty Westlaw Electronic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