Understanding how banks handle commercial paper, from demand to dishonor notices, in one clear guide.
This edition of The Law of Banks and Banking explains when and where to demand payment, how place of payment is designated, and what that means for collectibility. It also covers clearing-house endorsements and the protections banks put in place to manage ownership and credits between institutions, with references to key cases and statutes.
The material is practical for bankers, lawyers, and students who need a solid, historical framework for presenting drafts, handling notices of dishonor, and navigating the complex rules that govern commercial paper in banking practice.
- How demand and notice of dishonor operate in different scenarios
- Rules for designated places of payment and how they affect presentment
- Clearing-house endorsements and bank protections for collection and credits
- A comprehensive table of cases and statutory references for quick research
Ideal for readers who want a dependable reference on the legal mechanics of banking and paper handling in the United States.
John Maxcy Zane was a Chicago attorney and the author of The Story of Law (1927). This edition reprints a volume that was issued in a limited edition of 300 copies by Chicago's Caxton Club in 1932.