The Law of Bank Checks (Classic Reprint)

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Excerpt from The Law of Bank ChecksVarious Definitions of Checks.~ - A check is an inland bill of exchange, drawn on a bank and payable on demand, and such an instrument is payable on demand where no date is mentioned. Riddle v. Bank of Mon treal, 145 N. Y. App. Div. 207, 130 N. Y. Supp. 15.A check is denominated a species of inland bill of exchange, - not with all the incidents of an ordinary bill of exchange, it it true, - but still it belongs to that class and character of commercial paper. Moses v. Frank lin Bank, 34 Md. 574.When an instrument is drawn upon a bank, or a person engaged in the banking business, and simply directs the payment to a party of a specified sum of money, which is at the time on deposit with the drawee, without designating a future day of payment, the instrument is to be treated as a check. Bull v. First Nat. Bank, 123 U. S. 105.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.