A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check. American Law Reports Annotated - Page 1811925Full view - About this book
| Law - 1915 - 532 pages
...this jurisdiction. Section 189 is as follows: "A check of itself does not operate as an assignment on any part of the funds to the credit of the drawer...unless and until it accepts or certifies the check." Soction 189, c 8?,, Laws of 1907. They contend further in this respect that, except in those jurisdictions... | |
| Law reports, digests, etc - 1927 - 1034 pages
...Negotiable Instruments Law, a check does not operate as an equitable assignment of any part of a deposit, and the bank is not liable to the holder unless and until it accepts or certifies the check. It is a mere order for the payment of money, and does not operate as an assignment. In Glennan v. Rochester... | |
| California. District Courts of Appeal - Law reports, digests, etc - 1928 - 972 pages
...would be authority, but such is not the case in California. [4] Section 3265e of the Civil Code reads: "A check of itself does not operate as an assignment...unless and until it accepts or certifies the check." In line with this section we find the supreme court, in the case of Sneider v. Bank of Italy, 184 Cal.... | |
| Melville Madison Bigelow - Negotiable instruments - 1928 - 680 pages
...many illustrations. 4Infra §207. "Acceptance or certification." NIL §§ 187, 188, 189. 5 NIL § 189: "A check of itself does not operate as an assignment...unless and until it accepts or certifies the check." See infra § 208. As in the case of acceptance of the bill, already treated, certification must be... | |
| Accounting - 1928 - 498 pages
...bank on which the cheque was drawn? Answer: No. The negotiable-instruments law provides: "A cheque of itself does not operate as an assignment of any...holder unless and until it accepts or certifies the cheque." No. 4. A negotiable promissory note is expressed to be payable to the order of X six months... | |
| Clem Wetzell Collins - Accounting - 1928 - 976 pages
...check of itself does not operate as an assignment of any part of the funds of the drawer on deposit in the bank, and the bank is not liable to the holder...unless and until it accepts or certifies the check. ANSWER 10 The endorsement or assignment of the instrument by a corporation or by an infant passes the... | |
| Law - 1922 - 1026 pages
...follows: "A check is a bill of exchange drawn on a bank payable on demand." Section 212 provides that— "A check of itself does not operate as an assignment...unless and until it accepts or certifies the check." See Carr v. National Security Bank, 107 Mass. 45, 9 Am. Rep. 6; Beauregard v. Knowlton, 156 Mass. 395,... | |
| Law reports, digests, etc - 1909 - 1172 pages
...drawn on a bank payable on demand." And sec- ¡ tion 3177z is as follows : "A check of it- ¡ self does not operate as an assignment of any part of the...unless and until it accepts or certifies the check." But this is a certified check. Mr. Daniel says (section 1G02) that the certification of checks is an... | |
| Law - 1924 - 1028 pages
...St 1923, c. 98, § 210), which reads: "A check of itself does not operate as an assignment of ¡my part of the funds to the credit of the drawer with...unless and until it accepts or certifies the check." Conceding the forgery for the purpose, it argues that payment on the forged indorsements was uo payment... | |
| United States - Law - 1962 - 810 pages
...indorsers are discharged from liability thereon. § 4566. Check not an assignment ; liability of bank A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. Suhchapter IV — General Provisions § 4571. Short title This chapter may be cited as the Uniform... | |
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