St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1913-05-02

~ Hr- EN.T. me- .ttL .Ht-rGF.
the purpose of giving effect thereto. AS be
tween Immediate parties. and as regards a re-
mote party other than a holder in, due course,
the delivery, In order to be e%ffectual. must be.
made either by or under the authority of the
party making. drawing, accepting or indoEsing,
lively may be shown - have been Conditional,
or for a special purpose only, and not for the
purpose of transferring the property in the
The hands Of q holder in. due course, a valid
delivery thereof by all parties prior to him so
~ rrcsumed. And where the instrument is
no longer in the possession OF q party whose
, ,isna a aei,y appea pS t hl1 Is p a ya15a sn Until the
contrary Is proved. {
Sec. IL. CONSTRUCTION WHERE. IN
sTRuMENT is AMBlGUoUs) Where the
there are omissions therein, Nthe following rules
OF construction apply:
words and also in figures and there is q dis
crepancy between the two. the sum denoted
by the words is the sum PAYABLE but II the
words are ambisuous Or uncertain, reference
"snay be had to the figures to fix the amount:
~ Where the instrument provides for the
payment of interest. without specifying the
date from which interest is to run. the interest
runs from the date OF the instrument, and II
the Instrument is undated. from the issue
thereof:
e) Where the instrument is not dated, 1t
viii be considered to be dated as of tbs time
j.. ~ Where there is a conflict between the
vr,tten and printed provisions Of. of tho 4nstru-
fNenl, tne written provisions pFeNdlls ~. ..'
that there is doubt whether it Is a bill or
note. the holder may treat it as either at
) his election;
W Where a signature is so placed upon
the instrument that it is not clear in what
capacity the person making the same intended
Tp Where an i%nstrument containing the
or @or Tsers y pe 2romise tn to, p pas ae is sis1 to BE- by JOINT tMo
!. ly and severally liable thereon:
Sec. ~. U1AB1LITp OF PERSON SIGN
INC n TIT A NE ID CCJyNfEn NANFN M
person is liable on the instrument whose sig
nature does not appear thereon, except as here
agns ~ in a a trade or assumed name win be
liable to the same extent AZ II he had signed
= in sa his G ~; HaGs: BY AGENT, Au-
THoR1TY; HOW SLOWLY Tns sienatuSe
Of any party may be made by 2 duly author
ment Is necessary for this purpose: and the
authority OF the agent may DO established as
in s sths: 70 sas T1 & iESasE' OF PERSON srav-
INC AS AGENT, ETC.) Where the instru-
ment contains or . person sdds TO- his sisna a.
eapactty, he IS not liable on the instrument
al alton ne % OF worlds a@tk e descrbins h ans s as an aa'a ssent,
or as filling a representatiye character. with,
eu. disclosing nea. . his R 7,s 5,;,I does not exempt
Sec: p: lsIGEATURb By pEocgRA-
0 EFFECT Oh A signature by pro.
has but a limited authority to Eign, and the
principal is bound only in case the agent In
so signing acted within the actual limits Of his
Sec. -. GFTEcr OF ENDORSEMENT
BY INFANT oR CoRPoRAT1ON.l The in
torsement or assignment Of the Instrument
by a corporation or by an infant passes the
property, therein, notwithstanding that from
want OF capacity the corporation or infant may
incur no liability thereon. i"
OF.) When e signature is forged or made
without the authority Of the person whose Sig
nature 1t purports to be, st is wholly 1noper-
alive. and no right to retain the Instrument, or
to give a discharge therefor, or to enforce
payment thereof against any party thereto,
can he acquired through or under such hs-
nature. unless the party, against whom It Is
sought to enforce SUCH right. is pEecauded
from setting up the forgery or want Of author