QUESTIONS. BILLS AND NOTES. CHAPTER I. Page 11. 1. What was the law merchant? Pages 12-19. 1. Give an outline of the history of its origin and 1. What was the origin of bills and notes? CHAPTER II. 1. Define bills of exchange. 2. How many parties are there to such bills? Page 22. 1. Define promissory notes. 2. What are the essentials of promissory notes? 1. Page 23. Must bills and notes be made payable in money? Page 24. 1. What is the most characteristic feature of bills and notes? 1. Is negotiability necessary? 1. Page 25. Pages 26-27. Is consideration necessary in the cases of bills and notes? Page 28. 1. What are days of grace? CHAPTER III. Page 29. 1. What is meant by the acceptance of a bill? Page 30. 1. What are the liabilities of acceptors and drawers after acceptance? 2. Who may accept? Page 31. 1. When and how may acceptance be made? Pages 32-33. 1. What is acceptance supra protest? CHAPTER IV. Page 35. 1. What is an indorsement? Page 36. 1. What is the proper method of indorsement? Page 37. 1. What are the different forms of indorsement? Page 38. 1. In what does the dual character of the contract of the indorser consist? CHAPTER V. 1. What are the liabilities of the maker of a promis sory note? Pages 42-43. 1. What are the liabilities of the indorser of negotiable 1. What is the extent of the liability of an indorser without recovery? 2. What is the extent of the liabilities of accommodation parties? CHAPTER VI. Page 45. 1. What are the four methods of transferring negotiable paper? Page 46. 1. Who are bona fide holders for value? Page 47. 1. What will constitute a valuable consideration? Page 48. 1. What will constitute notice? Page 49. 1. What is the rule as to overdue paper? CHAPTER VII. Page 51. 1. What is presentment? Page 52. 1. What are its essentials? Page 53. 1. When should presentment be made? Page 54. 1. When the maker of a note or the acceptor of a bill is dead to whom should presentment be made? Page 55. 1. What is the effect of failure to present a bill or note 1. What are the principal excuses for failure to present or give notice? CHAPTER VIII. Page 63. 1. How are defenses to bills and notes classified? What is the effect of the incapacity of the defendant to make the instrument? 2. Page 64. 1. What is the position of bills and notes declared void by statute? Page 65. 1. What is the effect of forgery or alteration of a negotiable instrument? Pages 66-69. 1. What is the effect of fraud or duress? Page 70. 1. What is the effect of failure of consideration? 1. What is the liability of banks to checks? Pages 75-76. 1. Discuss the presentment and protest of checks. CHAPTER X. Pages 77-78. 1. Give a brief outline of the history of the negotiable instrument act. Pages 79-127. 1. Answer all previous questions on this subject in accordance with the terms of the Uniform negotiable Instruments Acts. |