The Republican journal. [volume] (Belfast, Me.) 1829-current, 1917-04-05

ana .L, such fact was known to the person
.l4.l When the name Of the payee
n Goes not purport to be the name Of any
l5:) When the only or last indorse-
section 10. The instrument need not
te@s srs Of %b this but aa
cate an intention to conform to tho re-
~ Section II: Where tho instrument Or
thereon IS dated, such date IS deemed
pr1ma facie to be the true date of the
making, drawing acceptance. or in
t., SECTION ~; The instrument is not
invalid for the reason only that it is
ante-dated or post-dated. provided this
purpose. The person to whom an In
strument SO dated Is delivered acquires
the the title thereto as of the date Of de-
Section 10. Where an instrument ex-
pressed to be payable at a fixed period
after ar date Is issued undated. or where
abe az 4sa OF an
the, true date Of issue or acceptance,
and the instrument shall be payable ac-
gate does not avoid the instrument in
the hands Of a subsequent holder in due
course: but as to him, the date so in
date. N '
Section II. Where the instrument is
wanting IN any material particular. the
prima facie authority to complete it by
filling up the blanks therein. And a
signature on a blank paper delivered by
der that the paper. may be converted
into negotiable instrument operates
as prima tacie authority to fill 1t up
as such for any amount. In order,
when completed may be enforced
against any person who became a party
thereto prior to it's completion. it must
be filled up strictly in accordance with
sonable time. But If any such instru-
ment. after completion. Is negotiated to
effectual for all purposes in his hands,
and he may enforce it as if it had been
filled up strictly in accordance with the
authority given and within a reason
Section is. Where an incomplete in
strument has not been delivered 1t will
not. If completed and negotiated with
the hands Of any holder. as against any
person whose signature was placed
thereon before delivery.
Section Is. Every contract on a
negotiable instrument is incomplete and
reNocable until delivery of the instru-
ment for the purpose Of giving effect
ttaa TO-. A AS between immediate par
er than a holder in due course, the de-
livery, in order to be effectual, must be
made either by or under the authority
of the party making. drawing accepting
or indorsing, as the case may be: and
in such case the delivery may be shown
to have been conditional, or for, spe-
pose of transferring the property in the
instrument. But where the instrument
is in the hands of a holder in due
course. valid delivery thereof by all
ia mi IN n jt11 60 To r,.,Iya I,,r,
liable to him is conclusively presumed.
And where the instrument is no longer
in the possession Of party whose
Intentional delivery by him Is presumed
until the contrary is proved.
Section II. Where the language of
are omissions therein, the following
rules of construction apply:
% Where the sum payable Is ex-
pressed in. words and also in figures
and there is a discrepancy between the
two. the sum denoted by the words is
the sum payable; but If the words are
ambiguous or uncertain. reference may
be had to the figures to fix the amount
(2.l 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 if the in
strument is undated. from the issue
thereof;
CD Where the instrument is not
as of the time it was issued;
(4) Where there is a conflict be-
tween the written and printed provisions
of the instrument the written pro-
-l5.ls- Where the instrument is so am
biguous that there is doubt whether II
is q bill or note, the holder may treat
it as either at his election;
co. Where signature is so placed
upon the instrument that it is not clear
i'll what capacity the person making the
same intended to sign, he is to be
deemed an indorser;
% Where an instrument containing
the words Il promise to pay" Is signed
deemed to be jointly and severaily liable
thereon.
Section IS. No person is liable on
the instrument whose signature does
not appear thereon, except as herein
otherwise expressly provided. But one
who signs in a trade or assumed name
will be liable to the same extent as If
he had signed in his own name.
Section 10. The signature of. any
party may be made by a duly author
lied agent. No particular form of APP
poTe and the ns authority e Of the agent
may be established as in other cases OF
!; agency,
Section 20. Where the instrument
contains or person adds to his sigma
ture words indicating. that he signs for
or on behalf of a principal. or in a
representative capacity, he is not liable
!,
thorized; but the mere addition OF
words describing him as an agent. or as
filling a representative character. with
EXEMPT him from personal liability.
! Section 81. A signature by pro.
curation" operates as notice that the
agent has but limited authority te
sign, and the principal is bound only il
case the agent in so signing acted
within the acual limits of his author
ity.
Section 20. The Endorsement or as
. signment of the instrument by cor
. poration or by an infant passes the
,, property therein. Notwithstanding that
from want of capacity the corporation
or infant may incur no liability thereon
Section %. When a signature is
forged or made without the authority
: of the person whose signature is pur.
ports to be, it is wholly imperative anC
no right to retain the instrument or to
) give a discharge therefor. or to enforce
payment thereof against any party
, thereto, can be acquired through or un.
der such signature. unless the part,
against. whom it is sought to enforce
such right, is precluded from setting vi
the forgery or want of Authority.
Section "a. Every negotiable instru
ment is deemed prima facie to have
been issued for valuable considera
ton: and every person whose signature
appears thereon to have become a party
!. thereto for value.
Section %. Value is any considera
ton sufficient to support simple con
tract. An antecedent or pre-eXistins
: debt constitutes value; and is deemed
such whether the instrument Is Daya his