Buy Cases on the Law of Bills, Notes, and Cheques by Melville Madison Bigelow
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Cases on the Law of Bills, Notes, and Cheques

Cases on the Law of Bills, Notes, and Cheques


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: in view of it. That recovery went upon what the federal court must have held a fraud upon the bankrupt law. The state law gave them perfect right to do as they did. And the recovery in the federal court, even if the amount had been sufficient to pay the cheque, leaves the fact untouched that the appellants had in fact withdrawn all their funds from the bank, leaving nothing to meet the cheque which they had given to the respondent. By the court. The judgment of the court below is Affirmed. BURKHALTER v. SECOND NATIONAL BANK OF ERIE. Court of Appeals of New York, March, 1870. 42 N. Y. 538. The indorsee of a draft on demand may, on the day he has taken it, receive from the drawee a cheque upon another, and present the cheque on the day following; and if the cheque is then dishonored, and the draft reclaimed by such indorsee and presented again to the drawee thereof on the same day and dishonored, the indorsee fixes the liability of the drawer by immediate protest, followed the next day by notice of dishonor, though the drawer of the draft had funds in the hands of the drawee on the day on which the indorsee received it, and though the drawee would have paid it on that day or early the next day, on which latter day the drawer of the draft failed. Action against the drawer of a draft on demand. On the morning of the 26th of March, 1866, the plaintiffs in New York received by mail a draft on Culver, Penn,


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Product Details
  • ISBN-13: 9780217454230
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 126
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 0217454232
  • Publisher Date: 15 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 240 gr


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