 An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to' some other person. Such a person is liable on the instrument to a holder...  Spurious Interpretation - Page 433by Roscoe Pound - 1907 - 386 pagesFull view - About this book
 | Ohio. Supreme Court - 1910 - 748 pages
...receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding...instrument knew him to be only an accommodation party." As to those primarily liable it provides that: "The person primarily liable upon an instrument is the... | |
 | Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - 1909 - 588 pages
...to pay the same. All others are secondarily liable. An accommodation maker or acceptor is absolutely liable on the Instrument to a holder for value, notwithstanding...instrument Knew him to be only an accommodation party. It would seem to follow that the statute has disposed of the conflict of authority upon, this question... | |
 | 1905 - 1120 pages
...receiving value therefor, and for the purpose of lending his name to some other person. Such a person Is liable on the Instrument to a holder for value, notwithstanding...Instrument knew him to be only an accommodation party." "Sec. 69. A holder In due course is a holder who has taken the instrument under the following conditions:... | |
 | 1910 - 2132 pages
...receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the Instrument to a holder for value, notwithstanding...Instrument knew him to be only an accommodation party." Tested by these statutes, the liability of the defendants under the facts in proof is, I think, too... | |
 | Henry Clay Brubaker, Charles Israel Landis, George Ross Eshleman, Issac Clinton Arnold - 1921 - 632 pages
...receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding...instrument knew him to be only an accommodation party." He is, however, not liable to the principal to whom he is loaning his name simply as an accommodation.... | |
 | 1913 - 1134 pages
...holder in due courte. Section 29 defines an accommodation party, and provides that such a person is liable on the instrument to a holder for value, notwithstanding...instrument knew him to be only an accommodation party. In view of the general scope and declaratory provisions of said act, we are of the opinion that the... | |
 | 1903 - 1164 pages
...receiving value therefor, and for the purpose of lending his name to some other person. Such a party is liable on the Instrument to a holder for value, notwithstanding...instrument, knew him to be only an accommodation party." It is obvious from the above language of the Code, and from that of Maitland's Case, that an accommodation... | |
 | 1911 - 1164 pages
...of lending his name to some other person." And the section further declares that "such a person is liable on the instrument to a holder for value, notwithstanding...instrument knew him to be only an accommodation party." The mere fact therefore that this note was an accommodation note, would not constitute a defense against... | |
 | 1919 - 1050 pages
...same topic and KEY-NUMBEK in all Key-Numbered Digests ала Indexes er pprson. Such n person is Hablo on the instrument to a holder for value, notwithstanding...instrument knew him to be only an accommodation party." Act May 16. 11Ю1 '(PL 1Î14Ï § 20. [2] It Is further contended by the appellee tnat by the terms... | |
 | Virginia - 1899 - 724 pages
...receiving value therefor and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value notwithstanding...instrument knew him to be only an accommodation party. ARTICLE III. NEGOTIATION. §31. INDORSEMENT; now MADE. — The indorsement must be written on the instrument... | |
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