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Page 229
... Seller . The check is delivered by Bank to Seller , who has no notice of the fraud . Seller can be a holder in due course and can take the check free of Bank's defense of fraud . This case is dis- cussed as Case # 1 in Comment 4 to Sec ...
... Seller . The check is delivered by Bank to Seller , who has no notice of the fraud . Seller can be a holder in due course and can take the check free of Bank's defense of fraud . This case is dis- cussed as Case # 1 in Comment 4 to Sec ...
Page 230
... Seller . This result is the same as that reached under former Sec- tion 3-408 . But suppose Seller delivered the prom- ised equipment and it was accepted by Buyer . The equipment , however , was de- fective . Buyer retained the ...
... Seller . This result is the same as that reached under former Sec- tion 3-408 . But suppose Seller delivered the prom- ised equipment and it was accepted by Buyer . The equipment , however , was de- fective . Buyer retained the ...
Page 364
... Seller based on its rights under Section 3-418 ( a ) . This claim can be asserted against Seller , but it cannot be asserted against some other person with rights of a holder in due course of the cashier's check . A person without ...
... Seller based on its rights under Section 3-418 ( a ) . This claim can be asserted against Seller , but it cannot be asserted against some other person with rights of a holder in due course of the cashier's check . A person without ...
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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paid payee payee's payment person plaintiff Presumptions and burden Prior Laws promise promissory note purchase recover repealed seller signature signed Statutory Notes subject matter Subsection Table 1 preceding thereof tion transfer Uniform Commercial Code warranty Westlaw Electronic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