BILLS AND NOTES - ACCELERATION CLAUSE AS AFFECTING NEGOTIABILITY

Authors

Abstract

Defendant was sued on a note containing, among other acceleration clauses, a provision that if any holder deemed himself insecure at any time, the note should become immediately due and payable. Appealing from a summary judgment against him, the defendant contended that the instrument was nonnegotiable. Held, the acceleration provisions in the instrument did not destroy its negotiability. Dart National Bank v. Burton, 258 Mich. 283, 241 N. W. 858 (1932).

Recommended Citation

BILLS AND NOTES - ACCELERATION CLAUSE AS AFFECTING NEGOTIABILITY, 31 Mich. L. Rev. 272 (1932).
Available at: https://repository.law.umich.edu/mlr/vol31/iss2/13