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Recognition Of New Types Of Negotiable Instruments, Ralph W. Aigler
Recognition Of New Types Of Negotiable Instruments, Ralph W. Aigler
Articles
“The expression ‘negotiable instrument’ is one of variable meaning, and what is meant thereby often can be determined only by the context… Primarily ‘negotiable’ indicates transferability with a certain facility…..
“It may be not without interest to consider how instruments gain the negotiable quality and to trace, sketchily perhaps, the process of recognition.”
Commercial Instruments, The Law Merchant And Negotiability, Ralph W. Aigler
Commercial Instruments, The Law Merchant And Negotiability, Ralph W. Aigler
Articles
“Until recently apparently no serious attempt had been to make a comprehensive examination into the origins and history of commercial instruments or to explain the special doctrines attached to negotiability….
“The bill of exchange, it is said, developed as a bit of machinery to give effect to the medieval contract of cambium which was concerned with the special case of the exchange of money for money. With the growth of foreign trade the difficulties and dangers of payments multiplied. Naturally those whose business it was to exchange monies were resorted to in this connection. They, in turn, out of necessities …