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Methods & machinery of practical banking

Methods & machinery of practical banking

Автор: Claudius Buchanan Patten, 216 стр., ISBN: 1130934276

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...that pass from hand to hand and through banks for collection or discount, bearing specific places of date but no specific places of payment, are generally supposed to be signed, and so payable, in the places where the promisors do business. Quite often they are not thus executed, and risks and misunderstandings occur from a want of a clear knowledge of the facts we have just explained. Notes should always be written in their body payable at some definite place. In such a case the place where, they are dated appears to be what it really is--of little account. THE DA TE OF A-VOTE. The date of a note is, of course, a matter of the first importance, or it is likely to be so, for the time of maturity usually runs from it, and interest, where interest accrues, is generally calculated...
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