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137 > Page 137 of Compilation of the banking laws of Kentucky : State banks and trust companies / compiled by George G. Speer, Charles H. Morris.

Section Nos. NEGOTIABLE INSTRUMENTS-Continued- BILLS AND NOTES-Continued- Incomplete instruments .................................... 119 Delivery necessary ................................... ..... 120 Ambiguous instruments-how construed 121 Trade or assumed names bind party .122 Agency to sign must be in writing .................. - 123 When person signing as agent is liable as principal .........................-............ 124 Signature by procurement .-................................ 125 Assignment or indorsement by Corporation or infant ............................. - ........ ...... 126 CONDITION- Presumed when ........................................ ...... 128 Definition of .........-....................-........... 129 Holder deemed a holder for value .................... 130,131 Failure of consideration matter of defense .. 132 Accommodation party, who is . .... 133 NEGOTIATION- What constitutes . - ..... 134 Endorsement must be written and complete .. 135,136 Endorsements, in blank, specific, qualified and restrictive ..-............. 137,138 How blank endorsement converted to special.. 139 Restrictive endorsement ........................................ 140,141 Rights conferred by qualified endorsement. 141, 142 Special endorsement may be further negotiated 144 Each joint holder required to endorse 145 Effect of endorsement to cashier or officer of bank ............................ -....... .. 146 How endorsed if name misspelled ...................... 147 Representative may endorse without personal liability....-..-.-.-...... 148 When endorsement presumed to have been made .....-................-.. ........ . 149, 150 Instrument continues negotiable 151 Effect of endorsement struck out ...................... 152 Transfer without endorsement 153 Effect of endorsement back to prior party 154 RIGHTS OF HOLDER- Holder may sue in own name ............................ 156 Holder in due course-when 157 Transfer-when not holder in due course 158 W hen title defective ................................................ 159 W hat constitutes notice ...................-.................... 160 Holder in due course takes free from defects when ...-.......-.......-.-... 161, 162 Holder presumed to hold in due course-con- trary m ay be shown ........................................ 163 I ND EX . 137