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CHAPTER 37: LIABILITY OF PARTIES TO NEGOTIABLE INSTRUMENTS. CHAPTER 37: LIABILITY OF PARTIES TO NEGOTIABLE INSTRUMENTS. Learning Objectives: Liability Based on Signatures Conditional Liability Liability of Secondary Parties Additional Aspects of Liability.
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CHAPTER 37: LIABILITY OF PARTIES TO NEGOTIABLE INSTRUMENTS Learning Objectives: Liability Based on Signatures Conditional Liability Liability of Secondary Parties Additional Aspects of Liability Chapter 37
LIABILITY BASED ON SIGNATURES • Introduction • Issues of Capacity • Agency Principles • Tradition • Expansion of Protections for Agents Under the Code • Exceptions Chapter 37
LIABILITY BASED ON SIGNATURES • Classification of Parties: • Primary Parties: • Makers of Notes • Acceptors of Drafts • Secondary Parties • Drawers of Drafts • Indorsers • Liability of Primary Parties Chapter 37
CONDITIONAL LIABILITY • Nature of Conditional Liability • Requirements: • Presentment • Dishonor • Notice of Dishonor • Protest Chapter 37
LIABILITY OF SECONDARY PARTIES • Introduction • Types • Accommodation Parties • Guarantors • Drawers • Indorsers • Forgeries Chapter 37
ADDITIONAL ASPECTS OF LIABILITY • Excuses for Failure to Perform Conditions Precedent • Discharge of Liability Chapter 37
