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When a Bill May Be Nego Tiated

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WHEN A BILL MAY BE NEGO TIATED. While a complete bill may be negotiated at any time before it is discharged, the character and incidents affecting it depend on the time when it is negotiated, as, for example, whether indorsed before or after due. Prima facie the bill is presumed to have been negotiated when issued or before maturity, and this presumption may be rebutted by suspicious circumstances. (Anderson v. Weston, 6 Bing., N. C., 296; Bounsall v. Harrison, i M. & W., 611.)