This text which is now on its thirteenth edition, attempts to simplify for commerce students the Negotiable Instruments Law which is considered a complex and technical subject. Comprehensive in scope, it is also designed to meet the needs of law students as well as members of the bar and the bench and business executives. It will be noticed that the authors did not limit themselves merely in explaining the law, giving illustrations, and citing or quoting judicial decisions and opinions of recognized writers on the subject to enable the student to attain understanding of difficult provisions. In many instances, they expressed their own opinions especially where there is a conflict of views.
The book also discusses at some length the Civil Code provisions on Documents of Title and the Warehouse Receipts Law which are included in the study of the subject.
A STUDY GUIDE is provided at the end of every Chapter, or Section where the Chapter is divided into Sections. It has the following features:
1. The questions are designed primarily to test and further increase the understanding by the student of the provisions of law, not necessarily to prepare them for the CPA Examinations which are the objective type requiring the use of much space. While such task properly belongs to CPA reviewers, candidates for CPA examinations will find the book, with the study guide, by reason of its content and scope, very useful for purposes of review.
2. The answers to some questions depend on the presence or absence of certain facts or circumstances which are not mentioned but which the student is supposed to know. Therefore, the answers must be qualified.
3. The book already contains numerous examples not only to assist the student in the proper interpretation of the law but also to train him/her in the practical application of legal provisions in specific circumstances.
The problems given involve new situations to avoid a mere repetition of any of the examples.
4. The numbers of the articles when directly applicable to the questions under Discussions and Problems are given at the end of the book for the guidance of the student to help him/her determine the correct answer in case of doubt, or inability to know the answer.
If this modest work proves of help to all who may have occasion to use it, the efforts of the authors shall be deemed fully compensated.
CONTENTS
PART I THE NEGOTIABLE INSTRUMENTS LAW (Act No. 2031.)
TITLE I NEGOTIABLE INSTRUMENTS IN GENERAL
CHAPTER I – Form and Interpretation
CHAPTER II – Consideration
CHAPTER III – Negotiation
CHAPTER IV – Rights of the Holder
CHAPTER V – Liabilities of Parties
CHAPTER VI – Presentment for Payment
CHAPTER VII – Notice of Dishonor
CHAPTER VIII – Discharge of Negotiable Instrument
TITLE II BILLS OF EXCHANGE
CHAPTER IX – Form and Interpretation
CHAPTER X – Acceptance
CHAPTER XI – Presentment for Acceptance
CHAPTER XII – Protest
CHAPTER XIII – Acceptance for Honor
CHAPTER XIV – Payment for Honor
CHAPTER XV – Bills in Set
TITLE III
CHAPTER XVI – Promissory Notes and Checks
TITLE IV
CHAPTER XVII – General Provisions
PART II DOCUMENTS OF TITLE
CHAPTER I – The Issues of Warehouse Receipts
CHAPTER II – Obligations and Rights of warehouse upon their receipts
CHAPTER III – Negotiation and Transfer of receipts
CHAPTER IV – Criminal Offenses
CHAPTER V – Interpretation
