...year, or by a fine not exceeding one thousand dollars, or by both. Part 5. Interpretation . SEC. 56. In any case not provided for in this act, the rules of law and equity including the law merchant, and in particular the rules relating to the law of principal and agent and to the effect of fraud,...

...construed as to effect its general purpose to make uniform the law of those states which enact it." And— "In any case not provided for in this act the rules...law and equity, including the law merchant, shall govern." Although, as has been stated, the first of these sections is not specifically included in...

...this act provided, be enforced by action. SEC. 60. — [Rule jor Coxes' Not Provided for by this Act.] In any case not provided for in this act, the rules of law and equity, including the law merchant, and in particular the rules relating to the law of principal and agent and to the effect of fraud,...

...by imprisonment not exceeding five years, or by a fine not exceeding $5,000, or both. SEC. 42. That in any case not provided for in this Act the rules of law and equity, including'the law merchant, shall govern. SEC. 43. First. That in this Act, unless the context or subject...

...instruments, and the facts of the particular case." Section 196 of the same act (section 6008) reads : "In any case not provided for in this act, the rules of the law merchant shall govern." The Supreme Judicial Court of Massachusetts has held, in determining...

...accepted or certified, the drawer and all iudorsers are discharged from liability thereon." LOL § 6025: "In any case not provided for in this act the rules of the law merchant shall govern." [4] When the defendant bank, which was a holder in due course, presented...

...instruments made and delivered prior to the passage hereof. §196. RULE OF LAW MERCHANT; WHEN GOVERNS. — In any case not provided for in this act the rules of the law merchant shall govern. §197. LAWS REPEALED.— Of the laws enumerated in the schedules! hereto...

...hint at such assumption. 40 A more logical view, however, Section 196 of the Act itself suggests: " In any case not provided for in this act the rules of the law merchant shall govern." 41 On its face this provision is compatible neither with the theory...

...this act do not apply to negotiable instruments made and delivered prior to the passage hereof. 19. In any case not provided for in this act, the rules of the law merchant shall govern. Upon the adoption of this act, all laws inconsistent with the provisions...

...construction of the latter act is strongly fortified by the general provision of that act which declares, that 'in any case not provided for in this act the rules of the law merchant shall govern.' "We know that no such prohibition or nullity as that declared in the...