If the words "Not Negotiable" be written across a cheque, the lawful holder of the cheque is not prevented thereby from negotiating it. The effect of these words is to prevent any person receiving a cheque so marked from acquiring a better title to it than the person had from whom he received it. If, therefore, such a cheque has been stolen, the thief cannot, by passing it away for value, vest in the person so acquiring it a good title.
1603. Repayment of Money, etc., borrowed when under Age
An infant, or person under twenty-one years of age, is not liable to repay money borrowed by him, nor to pay for goods supplied to him, unless they be necessaries.
1604. Acceptance of Liability
Even if a person after coming of age promise to pay debts contracted during infancy, he is not liable, whether the promise be made in writing or not.
Wilful Waste Makes Woeful Want.
1605. Limitation of Recovery of Land or Real Estate