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Page 143
... ment is payable . 3. The only effect of an " anomalous indorsement , " defined in subsection ( d ) , is to make the signer liable on the instru- ment as an indorser . Such an indorse- ment is normally made by an accommoda- tion party ...
... ment is payable . 3. The only effect of an " anomalous indorsement , " defined in subsection ( d ) , is to make the signer liable on the instru- ment as an indorser . Such an indorse- ment is normally made by an accommoda- tion party ...
Page 168
... ment and claims in recoupment by the maker or drawer that may be asserted to reduce the amount payable on the instru- ment . Because of this distinction , which was not made in former Article 3 , the reference in subsection ( a ) ( 2 ) ...
... ment and claims in recoupment by the maker or drawer that may be asserted to reduce the amount payable on the instru- ment . Because of this distinction , which was not made in former Article 3 , the reference in subsection ( a ) ( 2 ) ...
Page 192
... ment , generally Party who acquired a note containing altera- tions as to the principal amount and number of installments apparent to the naked eye by the use of ordinary care in inspecting the instru- ment did not acquire an instrument ...
... ment , generally Party who acquired a note containing altera- tions as to the principal amount and number of installments apparent to the naked eye by the use of ordinary care in inspecting the instru- ment did not acquire an instrument ...
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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paid payee payee's payment person plaintiff Presumptions and burden Prior Laws promise promissory note purchase recover repealed seller signature signed Statutory Notes subject matter Subsection Table 1 preceding thereof tion transfer Uniform Commercial Code warranty Westlaw Electronic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