Negotiable promissory note
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 39 U.S. 293 - Guy Irvine v. Nathaniel a Lowry · 1840Most cited · 48 citing opinions
The paper on which the suit is brought, is not negotiable by the usage or custom of merchants; it is payable to order; the promise is to pay so many dollars, but not to pay any certain sum of money; it is a promise to pay the amount 'in the office notes of the Lumberman's Bank at Warren,' which are not money, and at most a chattel. Not being a promissory note, either by the law merchant, the statute of Anne, or the kindred act of Assembly of Pennsylvania, it is not negotiable by endorsement.