The Law of Modern Commercial PracticesBaker, Voorhis, 1958 - 1174 pages |
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Page 388
... party he accommodated . If the anomalous indorser signed to lend credit to the present holder , he is not liable to him because no consideration moved from him . If he signed to help a party prior to the present holder , he is liable to ...
... party he accommodated . If the anomalous indorser signed to lend credit to the present holder , he is not liable to him because no consideration moved from him . If he signed to help a party prior to the present holder , he is liable to ...
Page 726
... party ; 4. By a valid tender of payment made by a prior party ; 5. By a release of the principal debtor , unless the holder's right of recourse against the party secondarily liable is expressly re- served ; 6. By any agreement binding ...
... party ; 4. By a valid tender of payment made by a prior party ; 5. By a release of the principal debtor , unless the holder's right of recourse against the party secondarily liable is expressly re- served ; 6. By any agreement binding ...
Page 727
... party primarily liable discharges secondary parties.19 But it has been held that an accommodation indorser is not ... party releases a secondary party . But that rule applies only to a volun- tary release , 1 and a composition of ...
... party primarily liable discharges secondary parties.19 But it has been held that an accommodation indorser is not ... party releases a secondary party . But that rule applies only to a volun- tary release , 1 and a composition of ...
Contents
The Merchant and Craft Guilds | 2 |
Middlemen Types and Services | 8 |
Bills of Lading and Warehouse Receipts | 14 |
Copyright | |
168 other sections not shown
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Common terms and phrases
acceptance acceptor agent amount App Div authority bailee bailment bankruptcy bill of exchange bill of lading blank breach Bulk Sales Act buyer carrier claim clause Code commercial commercial paper common carrier common law consignee court creditors damages dealer debt debtor defense delivered delivery demand deposit depositor discharge discount dollars draft drawee bank drawer due course Federal Reserve Bank Federal Reserve System fraud funds held holder in due indorsement insolvent instru intention Law Merchant liable lien loan maker maturity ment Misc Negotiable Instruments Law notice of dishonor paid paper party pass payable to bearer payee payment plaintiff possession presentment promise to pay promissory note purchaser reasonable receipt received recover render rule Sales Act seller shipment signature statute Supp third person tion transaction transfer Trust Uniform Uniform Commercial Code Williston York