[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
RE: question 3
Q: Characterize Swift as a "false conflict" if you can?
A: The policy of New York, that a pre-existing debt does not constitute
a valuable consideration when applied to negotiable instruments, seeks
to protect New York transactions initiated and completed in New York.
By applying general commercial law to a bill, initiated and exchanged in
Maine would not frustruate or impair New York's interest in protecting
New York Transactions initiated and completed in the State.