This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ...in a special manner. 826. The holder of a cheque already crossed in a special manner may add the words "not negotiable." These words then signify that the person who receives such cheque has not and cannot transmit more rights than those belonging to the person from whom he received such cheque. 827. ...
Read More
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ...in a special manner. 826. The holder of a cheque already crossed in a special manner may add the words "not negotiable." These words then signify that the person who receives such cheque has not and cannot transmit more rights than those belonging to the person from whom he received such cheque. 827. When a cheque has been crossed in a special manner the banker in whose name it has been crossed may again cross it in a special way, with the name of another banker, in order to deposit its value. 828. The banker with whom may be deposited a cheque not crossed, or crossed in general, may cross the same in a special manner with his own name. 829. If a cheque has been crossed in a special manner by the name of several bankers, that banker against whom it may have been drawn shall refuse payment if it be not presented by a banker duly authorized by all to collect it. In case of non-payment for the reason given in the first part of the anterior Article, the holder shall ask for a new cheque from the drawer or make use of his rights. 830. The banker who pays a crossed cheque drawn against him, or pays to a person (not a banker) a cheque crossed in a general manner, or pays a cheque crossed in a special manner to a banker that be not the same as the one to whom it be crossed, or that be not the banker specially authorized to collect the same, shall be responsible to the drawer of the cheque for its value, damages, and interest. 831. If at the moment of its presentation the cheque did not seem to be crossed, or, if being crossed, it was not evident that the cross lines had been erased, or had suffered some addition or modification not permitted by law, and the banker pays such in good faith, without incurring in negligence, he shall not be...
Read Less