 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1909 - 812 pages
...demand or at a future time." Section 29 provides : "Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien." We are of the opinion that it was the intention of the... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1920 - 808 pages
...6068, 2 Comp. Laws 1915. This section provides that: "Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien." See, also, Graham v. Smith, 155 Mich. 65. We think it... | |
 | 1910 - 2132 pages
...on demand or at a future time." Section 27 provides: "Where the holder has a lien on the Instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien." Section 29 declares: "An accommodation party is one... | |
 | Institute of Bankers (Great Britain) - 1882 - 726 pages
...payable on demand or at a future time. (2.) Where value has at any time been given for a bill the holder is deemed to be a holder for value as regards the...arising either from contract or by implication of law, ho is deemed to be a holder for value to the extent of the sum for which ho has a lien. Accommodation... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1882 - 126 pages
...payable on demand or at a future time. (2.) Where value has at any time been given for a bill the holder is deemed to be a holder for value as regards the...to the bill who became parties prior to such time. As an illustration, suppose a holder for value indorses a bill to an agent for collection, the agent... | |
 | W. D. Thorburn - 1882 - 316 pages
...or at a future time (c). (2.) Where value (d} has at any time been given for a bill the holder (e) is deemed to be a holder for value as regards the...to the bill who became parties prior to such time (/). §27. (3.) Where the holder of a bill has a lien on it, arising either from contract or by implication... | |
 | John Indermaur - 1883 - 604 pages
...payable on demand or at a future time. Where value has at any time been given for a bill, the holder is deemed to be a holder for value as regards the...to the bill who became parties prior to such time (d). Where the holder of a bill has a lien on it arising either from contract or by implication of... | |
 | James Platt - 1883 - 538 pages
...of the holder of a bill of exchange : " When value has at any time been given for a bill, the holder is deemed to be a holder for value as regards the...to the bill who became parties prior to such time. An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether,... | |
 | South Australia - 1884 - 330 pages
...on demand or at a future time. (2.) Where value has at any time been given for a bill the holderis deemed to be a holder for value as regards the acceptor...bill has a lien on it, arising either from contract The Bills of Exchange Act.— 1884. PART n. contract or by implication of law, he is deemed to be a... | |
 | Aviet Agabeg, William Frederick Barry - 1884 - 286 pages
...at a future time. (2). Where value has at any time been given for a bill the holder is deemed to be holder for value as regards the acceptor and all parties...to the bill who became parties prior to such time (w). (3). Where the holder of a bill has a lien on it, arising either from contract or by implication... | |
| |
Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien. 
