A Treatise on the Law of Bills of Exchange, Promissory Notes, Bank-Notes and Cheques (Classic Reprint)

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Excerpt from A Treatise on the Law of Bills of Exchange, Promissory Notes, Bank-Notes and ChequesReasonable time within which to present a bill on demand, so as to charge the drawer or indorsers, is declared to be a mixed question of law and fact, but unreasonable time, after which an innocent transferee of such an instrument is affected with defects of title of which he had no notice, is made a question of fact only. Accommodating parties become liable as soon as value is given, and notice is immaterial. A non-apparent alteration will not affect a holder in due course.In this Edition the chronological order has been followed thus, the first ten Chapters are devoted to a description of the instrument, the next two to the title of the holder, the following six to his duties, and the remainder to his rights, how they may be lost or qualified, or enforced by action or proof in bankruptcy. The substance of each section of the Code appears in its appropriate place in the text, but the whole Act is given in the Appendix.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.