Page:United States Statutes at Large Volume 76A.djvu/334

–238– -238Artlde D—Protest Sec. 4511. 4512. 4513. 4514. 4515. 4516. 4517. 4518. 4519.

Necessity for protest. Method of making. Persons who may make protest Time for making. Place where made. Protest both for nonacceptance and nonpayment Protest before maturity; better security. Dispensing with protest. Lost, destroyed, or wrongly detained bill. Article E—Acceptance

4521. 4522. 4523. 4524. 4525. 4526. 4527. 4528. 4529. 4530.

for Honor

Circumstances authorizing acceptance for honor. Method of acceptance for honor. Honor of drawer; presumption. Liability of acceptor. Agreement of acceptor. Maturity of sight bill accepted for honor. Protest after acceptance. Presentment for payment to acceptor. Excuse for delay in making presentment. Dishonor by acceptor for honor. Article F—Payment for Honor

4.541. 4542. 4543. 4544. 4545. 4546. 4547.

Persons who may make payment for honor. Formalities. Declaration before payment for honor. Preference of parties offering to pay for honor. Discharge of subsequent parties; subrogation of payer. Refusal of payment; loss of right of recourse. Rights of payer for honor. Article G—Bills in a Set

4551. 4552. 4553. 4554. 4555. 4556.

Bills in sets constitute one bill. Negotiation of different parts; rights of holders. Liability of holder indorsing two or more parts to different persons. Acceptance. Payment of acceptor. Discharging one part; effect. SUnCHAPTEK III—PKOMISSOKY N0TK8 AND CHECKS

4561. 4562. 4563. 4564. 4565. 4566.

Promissory note defined. Check defined. Time for presenting check. Certification of check; effect. Holder procuring check to be certified; effect. Check not an assignment; liability of bank. SUBCHAPTER IV—GENEKAL PROVISIONS

4571. 4.~>72. 4573. 4574. 457.5. 4570.

Short title. Definitions. Primary and secondary liability. Reasonable time; computation. T i m e: computation: Inst day on holiday. Cases not provided for.

Subchapter I—Negotiable Instruments in General Article A—Form and Interpretation

§ 4301. Form of negotiable instrument An instrument to be negotiable must conform to the following requirements: (1) it must be in writing and signed by the maker or drawer; (2) must contain an unconditional promise or order to pay a sum certain in money; (3) must be payable on demand, or at a fixed or determinable future time; (4) must be payable to order or to bearer; and (5) where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty.

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