INDORSER-Continued. rights to holder, through minor or corporation as, 136 adding words indicating representative character, 159 cannot enforce payment against intervening party, 231 liable to holder on dishonor by non-acceptance. 251 when not entitled to notice of dishonor, 295 acceptor admits capacity of payee to indorse, 314-5 estoppel of, 317 person signing not as drawer or acceptor liable as, 319 compelled to pay may recover damages, 324, 326 payment by, does not discharge bill, 349 rights of, who pays bill, 349 when discharged by cancellation, 359 alteration does not discharge subsequent, 361 on each part of set liable, 377 liability of, when laws conflict, 384 liable only if note presented for payment, 429 at proper place, 430 first indorser of note corresponds to drawer of bill, 432 INFANT, see Minor INFORMAL BILL, ambiguous, may be treated as either bill or note, 34 illustrations of, 36, 43, 47, 48, 116 INITIALS, sufficiency of, as a signature, 40 of drawer required to uncross a cheque, 409 INLAND BILL, definition of, 52 illustrations of, 53, 54 presumed, unless contrary appear on face, 55 noting or protest of, optional except in Quebec, 297 interpretation of indorsement abroad of, 388 form of, 469 INLAND NOTE, definition of, 421 noting or protest of, optional except in Quebec, 421 INSTALMENTS, bill may be payable by, 74 each, treated as separate bill, 76 rate of in Canada and other countries, 75-6 bill given on usurious consideration, 202 allowed as damages on dishonored bill, 324 rate before maturity does not govern after, 326 rate of, in case of conflict of laws, 387, 393 of contract, by lex loci contractus, 383 what is meant by, 384-See Words and Phrases INTERVENING PARTY, not liable on bill negotiated back, 231 I. O. U. OR BON, whether negotiable, 418 IRREGULARITY, in bill, 78, 114, 187 in indorsement, 209 in presentment when excused, 249 ISSUE, of bill defined, 29 date of, may be inserted in undated bill, 85 of accommodation bill, 184 JOINT AND SEVERAL, liability on a note may be, 421 how differs from joint liability, 423 "I promise" by two or more is, 424 JOINT ACCEPTOR or maker, in Quebec and other provinces, 422 JOINT DRAWEES, a bill may be addressed to, 59 presentment must be to all, 247, 262 acceptance by some only is qualified, 109, 114 JOINT DRAWERS or indorsers, notice must be given to all, 282 JOINT STOCK COMPANY, see Corporation JUDGMENT on a bill operates as merger, 333 JUDICATURE ACT, 24, 93 JUSTICE OF THE PEACE, when he may act as notary, 439 form for protest by, 466 KNOWLEDGE, as to accommodation party immaterial, 184 of fraud, if holder no party to, 198 of usurious consideration, 202 of dishonor not sufficient without notice, 271 LACHES, see Diligence LAW MERCHANT, recognized under the Act 450 acceptance according to the, 102 LAW OF ENGLAND, see England LAWS, CONFLICT OF, see Conflict of Laws LEGAL HOLIDAYS, see Holidays LEGAL REPRESENTATIVE, as party to a bill, 164 see Personal Representative-Representative Capacity LEGAL TENDER, Dominion notes are a, 418 LETTER, is sufficient notice of dishonor, 276 of credit is not negotiable, 459 LEX DOMICILII, 125, 391 fori, 346, 393 loci contractus, 126, 383, 392 loci solutionis, 126, 384, 390, 392 LIABILITY of drawer or indorser may be limited, 97-8 of acceptor to pay bill, 312 of drawer is conditional, 315 of parties to bill is joint and several, 316 LIABILITY-Continued. of indorser is conditional, 317 of stranger signing bill, that of indorser, 319 of party to a bill may be renounced by holder, 355 LIEN, defined, 180 cancelled by holder, 359 holder having, deemed a holder for value, 180 discounter of bills has, on collateral hire receipts, 182 law of England as to, 343 acknowledgements to take case out of statute, 344, 346 LIQUIDATED DAMAGES on dishonored bill, 324 LOST BILL protest of, may be made on copy, 304 indemnity must be given if required 375-6 LUNATIC, rule in Quebec as to bill of, 127 bill of, voidable not void by English law, 127 note to order of, incomplete until indorsed by, 420 when jointly and severally liable, 424 of note not discharged by not presenting, 427 liability of, 430 estoppel as to holder, 431 liability of, compared with that of acceptor, 431 provisions as to acceptor apply to, with necessary modifications, 432 personal liability of, 99, 431 MANITOBA, former law as to bills in, 15 Married Women's Property Act in, 128 power of corporations under statutes of, 133 office of notary in, 439 fees for protests in, 442 MARK, or cross, a sufficient signature, 40 to notarial note, en brevet 472 MARKED CHEQUE, not used in England, 394 liability of bank on, 399 MARRIED WOMAN, law of Quebec as to, 127 bill or note in Quebec for husband's debt null, 127, 129, 130 statutes relating to property of, 128 bill drawn or indorsed by, 137 MATERIAL ALTERATION, see Alteration MATURITY of bill not payable on demand, 90 mode of computing time of, 93 of bill payable in a month or months, 94 when bill deemed overdue, 229 when presentment necessary to fix, 240 presentment for payment at, 255 when bill protested for better security before, 301 acceptor not discharged by non-presentment at, 307 payment in due course at or after, 332 acceptor the holder at or after, discharges bill, 352 of bill determined by place of payment, 390, 392 of note payable on demand, 424 maker of note not discharged by non-presentment at, 427 MERGER of bill in higher security discharges it, 333 may in Quebec if emancipated or a trader, 127, 129 MISCARRIAGE by post office does not invalidate notice, 289-90 MISDEMEANOR, in case of "patent right" bill or note, 204 MISDESCRIPTION of bill in notice not fatal unless misleading, 278-9 of drawee in bill, 105 MIS-SPELLING, how drawee should accept in case of, 105 of name of payee or indorsee, 60, 215 how payee or indorsee should indorse in case of, 215 |