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" That he has no knowledge of any fact which would impair the validity of the certificate. In the case of an assignment of a claim secured by a certificate, the liability of the assignor upon such warranty shall not exceed the amount of the claim. "
A Treatise on the Law of Negotiable Instruments - Page 838
by John Warwick Daniel, Charles Alexander Douglass - 1903
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Draft of a Civil Code for the State of New York

New York (State). Commissioners of the Code - 1862 - 550 pages
...of the instrument, who is not liable thereon to him : 1. That it is in all respects what it purports to be ;' 2. That he has a good title to it ;* 3. That his indorsement is binding upon him ;' 4. That the signatures of all prior parties are binding upon...
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Reports of Cases Determined in the Supreme Court of the Territory ..., Volume 9

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 - 1894 - 588 pages
...subsequent holder thereof, who is not liable thereon to him: 1, that it is in all respects what it purports to be; 2, that he has a good title to it; 3, that the signatures of all prior parties are binding upon them; 4. that if the instrument is dishonored,...
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Pacific Coast Law Journal: Containing All the Decisions of the ..., Volume 6

1881 - 1112 pages
...holder, who is not liable, thereon to him: 1. That the instrument is, in all respects, what it purports to be. 2. That he has a good title to it. 3. That the signatures of all prior parties are binding upon them; and 4. That if the instrument is dishonored,...
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An Act to Establish a Civil Code: Jan. 14, 1885

New York (State). - 1885 - 422 pages
...subsequent holder thereof, who is not liable thereon to him : 1. That it is in all respects what it purports to be ; 2. That he has a good title to it ; 3. That the signatures of all prior parties are binding upon them ; 4. That if the instrument is dishonored,...
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The New York Supplement, Volume 189

1921 - 1162 pages
...delivery or by a qualified indorsement warrants : * * * 2. That he has a good title to It. * • • 4. That he has no knowledge of any fact which would...validity of the instrument or render it valueless." [3] It follows that, when the appellant had presented sufficient evidence of fraud or wrongful purpose...
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The New York Supplement, Volume 140

1913 - 1288 pages
...purports to be ; that he has good title to it ; that all prior parties had capacity to contract ; and that he has no knowledge of any fact which would impair...validity of the instrument or render it valueless. Negotiable Instruments Law (Consol. Laws 1909, c. 38) §§ 115, 116. Where, however, these words are...
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The New York Supplement, Volume 98

1906 - 1408 pages
...that the instrument is genuine; that nil prior parties had capacity to contract; that the Indorser has no knowledge of any fact which would Impair the validity of the Instrument ; that the instrument Is valid and subsisting ; and that on due presentment it shall be paid according...
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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volume 102

New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1918 - 832 pages
...qualified indorsement, warrants: (1) That the instrument is genuine and in all respects what it purports to be; (2) That he has a good title to it; (3) That all prior parties had capacity to contract." Section 116 of the act provides that every indorser who indorses without qualification warrants to...
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Acts and Resolutions Adopted by the Legislature of Florida

Florida - 1897 - 426 pages
...the payee, he is liable to all parties subsequent to the payee. 2. That he has a good title to it; 4. That he has no knowledge of any fact which would...validity of the instrument or render it valueless. 3. That all prior parties had capacity to contracl; But when the negotiation is by delivery only, the...
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The Revised Statutes of the State of Utah in Force Jan. 1, 1898

Utah - 1897 - 1262 pages
...holder thereof, who is not liable thereon to him : 1 . That it is in all respects what it purports to be. 2. That he has a good title to it. 3. That the signatures of all prior parties are binding upon them. 4. That if the instrument is dishonored,...
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