That at the time it was negotiated to him, he had no notice of any infirmity in the
instrument or defect in the title of the person negotiating it.
Section 17. Construction where the instrument is ambiguous.
Where the language of the instrument is ambiguous or there are omissions therein, the
following rules of construction apply:
Where the sum payable is expressed in words and also in figures and there is a
discrepancy between the two, the sum denoted by the words is the sum payable; but if
the words are ambiguous or uncertain, reference may be had to the figures to fix the
Where the instrument provides for the payment of interest, without specifying the date
from which interest is to run, the interest runs from the date of the instrument, and if the
instrument is undated, from the issue thereof;
Where the instrument is NOT dated, it will be dated as of the time it was issued;
Where there is a conflict between the written and printed provisions of the instrument,
the written provisions prevail;
Where the instrument is so ambiguous that there is doubt whether it is a bill or note, the
holder may treat it as either at his election;
Where a signature is so placed upon the instrument that it is not clear in what capacity
the person making the same intended to sign, he is to be deemed an indorser;
(NOTE: it applies only to cases of doubt arising out of the LOCATION of the signature).