Negotiability

Definition and stakes

Richard D. Currier,  Commercial Law

“ This does not mean, as is commonly supposed, that you are free from all liability as an indorser. We shall refer to this later.
THE HOLDER IN DUE COURSE.—As we have seen, the distinguishing feature of the law of commercial paper is negotiability as distinguished from assignability. The principles of negotiability are designed very largely for the protection of the person whom we call the holder in due course. It is essential then to bear in mind the condition under which a person becomes such.
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Source: Gutenberg

Various,  The Scrap Book, Volume 1, No. 6

“ I bring to you the confident assurance that in anything you do here to-night to bring about the negotiation of a stable treaty of arbitration with your old country you will have with you the solid common sense of the American people.
We must stand together, and we must find a safe, solid, and ample ground on which to stand together. That ground is a program in which the deliberations of reason must supplant the folly of force.
We should have reciprocity in the fullest meaning of the word. Not only commercial reciprocity, but a fair exchange of truth, of trade, and of treaties.
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Source: Gutenberg

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