An unqualified order or promise to pay is unconditional within the meaning of this act, though coupled with — 1. An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or 2.... The Law of Bills, Notes, and Cheques - Page 287by Melville Madison Bigelow - 1900 - 349 pagesFull view - About this book
| 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 - 1919 - 800 pages
...not of its savings department. The negotiable instruments law provides (2 Comp. Laws 1915, § 6044) : "An unqualified order or promise to pay is unconditional...within the meaning of this act, though coupled with : "First. An indication of a particular fund out of which reimbursement is to be made, or a particular... | |
| North Carolina. Supreme Court - 1909 - 1058 pages
...sections defining what constitutes negotiability of notes, prorides: "2153. What Promise Unconditional. An unqualified order or promise to pay is unconditional, within the meaning of this chapter, though coupled with (1) an indication of a particular fund, out of which reimbursement is... | |
| Virginia - 1899 - 724 pages
...attorney's fee in case payment shall not be made at maturity. § 3. WHEN PROMISE is UNCONDITIONAL. — An unqualified order or promise to pay is unconditional...pay out of a particular fund is not unconditional. S4. OF/TERMINABLE FUTURE TIME; WHAT CONSTITUTES. — An instrument is payable at a determinable future... | |
| 1918 - 1036 pages
...an unconditional promise to pay, nevertheless an unqualified promise to pay, although coupled with an indication of a particular fund out of which reimbursement...particular account to be debited with the amount, is an unconditional promise to pay, within the meaning of the act. Our conclusion is that the instrument... | |
| 1915 - 1346 pages
...though coupled with : (1) An indication of a particular fund out of which reimbursements are to be mnde, or a particular account to be debited with the amount;...the transaction which gives rise to the instrument. I !nt an order or a promise to pay out of a particular fund is not unconditional." We need not consider... | |
| 1915 - 1336 pages
...aided defendant in his defense. He bases this claim on the section 9974, RS 1909, reading as follows: "An unqualified order or promise to pay is unconditional within the meaning of this chapter though coupled with : (1) An indication of a particular fund out of which reimbursements are... | |
| Maryland - 1898 - 700 pages
...5. With costs of collection or an attorney's fee, in case payment shall not be made at maturity. 22- An unqualified order or promise to pay is unconditional...pay out of a particular fund is not unconditional. 23. An instrument is payable at a determinable future time, within the meaning of this act, which is... | |
| Arkansas. Supreme Court - 1918 - 672 pages
...contain an unconditional promise or order to pay a certain sum in money. Section 3 reads as follows : ' ' An unqualified order or promise to pay is unconditional...pay out of a particular fund is not unconditional." So here the money is not promised to be paid unconditionally; for it is only payable out of the proceeds... | |
| 1906 - 1270 pages
...negotiable as all the other requirements are met. Section 22 of the negotiable instruments law declares : "An unqualified order or promise to pay Is unconditional...(1) an indication of a particular fund out of which reimhursement is to be made or a particular account to he debited with the amount; or (2) a statement... | |
| 1906 - 1408 pages
...22, defining au unconditional promise as therein used as follows: "An unqualified promise or order to pay is unconditional within the meaning of this...though coupled with: (1) An indication of a particular fuuc! out of which reimbursement is to be made, in a particular account to be debited with the nniouut;... | |
| |