1. ACCELERATION PROVISIONS IN TIME PAPER.
- Author
-
Chafee Jr., Zechariah
- Subjects
- *
BANK loans , *COLLATERAL security , *PAYMENT , *NEGOTIABLE instruments , *CIVIL procedure , *EXTINGUISHMENT of debts - Abstract
Reveals why it has become usual for bank loans, even if secured by collateral, to contain numerous provisions for the acceleration of payment. Conversion of a negotiable instrument into a substitute for money; Origin of the rule requiring certainty in commercial paper; Failure of the courts and law textbooks to distinguish between the requisite of certainty of time and that which forbids the instrument to be conditional.
- Published
- 1919
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