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Page 159
... payee . " Former Section 3-302 ( 2 ) stated : " A payee may be a holder in due course . " This provision was intended to resolve the split of authority under the N.I.L. It made clear that there was no intent to change the common - law ...
... payee . " Former Section 3-302 ( 2 ) stated : " A payee may be a holder in due course . " This provision was intended to resolve the split of authority under the N.I.L. It made clear that there was no intent to change the common - law ...
Page 368
... payee acting without the consent of the other , is a person entitled to enforce the instru- ment . If John indorses ... payee who never received the instrument is a proper plaintiff in a con- version action . The typical case was one in ...
... payee acting without the consent of the other , is a person entitled to enforce the instru- ment . If John indorses ... payee who never received the instrument is a proper plaintiff in a con- version action . The typical case was one in ...
Page 371
... Payee of checks cashed under forged en- dorsements was not " true owner " of checks appropriated by endorser and cashed by bank under those endorsements for purposes of Uni- form Commercial Code section as adopted in Louisiana , where payee ...
... Payee of checks cashed under forged en- dorsements was not " true owner " of checks appropriated by endorser and cashed by bank under those endorsements for purposes of Uni- form Commercial Code section as adopted in Louisiana , where payee ...
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Common terms and phrases
1990 Uniform Commercial acceptance acceptor action agreement Am.Dec amount Article Bank & Trust beneficiary beneficiary's bank Bills and Notes burden of proof cashier's check certificate certified check collecting bank comaker Commercial Laws consist of R.S. corporation creditor defense demand note deposit depositary bank discharge draft drawee bank drawer due course evidence executed failure of consideration forged former Section funds transfer holder in due indorser instru issued La.Ann La.App La.L.Rev liability Louisiana maker Master Edition maturity ment mortgage note negotiable instrument notary notes preceding R.S. notice of dishonor notice of protest obligation Orleans paid payable payee payment order payor bank person plaintiff promise promissory note receiving bank revision Ronald L sections of Chapter sender Shreveport signature Statutory Notes subject matter Subsection Text effective January thereof tion Title 10 Appendix Uniform Commercial Code warranty WESTLAW Electronic Research writ denied