A Treatise on the Law of Promissory Notes and Bills of Exchange, Vol. 2 of 2 (Classic Reprint)

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Excerpt from A Treatise on the Law of Promissory Notes and Bills of Exchange, Vol. 2 of 2So an indorser may be regarded as in some sense a surety but one who is technically a surety on promissory paper is generally an original promisor, and primarily liable, which an indorser never is.The indorsement by a payee makes a transfer of the note to the indorsee, SO far that the common language of the law and of merchants is, that such a note or bill was indorsed to A, and it is seldom said was transferred by indorsement, unless there be some especial reason for this language, because the transfer is implied in the indorsement.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.