defective title to instrument
- defective title to instrument
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The title of a person negotiating a negotiable instrument is defective when he obtained the instrument, or any signature thereto, by fraud, duress, force, fear, or for other unlawful means, or for an illegal consideration, or when he negotiates it in breach of faith or under such circumstances as to amount to a fraud. Uniform Negotiable Instruments Law § 55; Vincennes Sav. & Loan ASSO. v Robinson, 107 Ind App 558, 23 NE2d 431, 24 NE2d 558.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
title — ti·tle n [Anglo French, inscription, legal right, from Old French, from Latin titulum inscription, chapter heading, part of the law that sanctions an action] 1 a: the means or right by which one owns or possesses property; broadly: the quality of … Law dictionary
defective — Lacking in some particular which is essential to the completeness, legal sufficiency, or security of the object spoken of; as a defective service of process or return of service. A product is defective if it is not fit for the ordinary purposes… … Black's law dictionary
defective — Lacking in some particular which is essential to the completeness, legal sufficiency, or security of the object spoken of; as a defective service of process or return of service. A product is defective if it is not fit for the ordinary purposes… … Black's law dictionary
title — A mark, style, or designation; a distinctive appellation; the name by which anything is known. Thus, in the law of persons, a title is an appellation of dignity or distinction, a name denoting the social rank of the person bearing it; as duke or… … Black's law dictionary
color of title — 1: an apparent but invalid title based upon a written instrument or record; also: the instrument itself 2: an apparent ownership claimed by adverse possession Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Negotiable instrument — A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. According to the Section 13 of the Negotiable Instruments Act, 1881 in India, a negotiable instrument means a… … Wikipedia
Torrens title — is a system of land title where a register of land holdings maintained by the state guarantees an indefeasible title to those included in the register. The system was formulated to combat the problems of uncertainty, complexity and cost… … Wikipedia
paper title — noun : a title to real property appearing on the face of a recorded instrument or of a conveyance or document used chiefly of a title that is defective … Useful english dictionary
commercial transaction — ▪ economics Introduction in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… … Universalium
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
