 Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value ; and is deemed such whether the instrument is payable on demand or at a future time.  The New York Supplement - Page 4951903Full 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 - 1909 - 812 pages
...Burroughs v. Ploof, 73 Mich. 607; Maynard v. Davis, 127 Mich. 571. Section 27 of the act is as follows: "Value is any consideration sufficient to support...instrument is payable on demand or at a future time." Section 29 provides : "Where the holder has a lien on the instrument, arising either from contract... | |
 | American Bar Association - 1906 - 474 pages
...or as pledgee. "Purchaser " includes mortgagee and pledgee. "Receipt " means a warehouse receipt. " Value " is any consideration sufficient to support a simple contract. An antecedent or pre-existing obligation, whether for money or not, constitutes value where a receipt is taken either in satisfaction... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1881 - 418 pages
...consideration for the issue or subsequent negotiation of a bill is an antecedent debt, it is immaterial whether the instrument is payable on demand or at a future time." I Hone v. Simt (1830) 1 B. & Ail. nt 526 ; Cf. Burden v. Bcntan (1847), 9 QB 843 ; Uarnblowtr\. Proud... | |
 | Virginia - 1899 - 724 pages
...appears thereon to have become a party thereto for value. §25. WHAT CONSTITUTES CONSIDERATION. — Value is any consideration sufficient to support a...instrument is payable on demand or at a future time. §26. WHAT CONSTITUTES HOLDER FOR VALUE. Where value has at any time been given for the instrument... | |
 | 1918 - 1036 pages
...among others nominated in the section: "(3) That he took it In good faith and for value." Section 49S2: "An antecedent or pre-existing debt constitutes value,...instrument is payable on demand or at a future time. Where value has at any time been given for the instrument, the holder is deemed a holder for vnlue... | |
 | 1907 - 1278 pages
...approved March 24, 1904 (Acts 1904, p. 213, c. 102), contains, among others, these provisions: "Sec. 25. Value Is any consideration sufficient to support a...contract. An antecedent or pre-existing debt constitutes a value, and Is deemed such, whether the Instrument Is payable on demand or at a future time. "Sec.... | |
 | 1911 - 1320 pages
...sufficient to support a simple contract. An antecedent or pre-existing debt constitutes a value, which is deemed such, whether the instrument is payable on demand or at a future time." And section 27 of said act further provides that : "Where the bolder has a Hen on the instrument, arising... | |
 | 1910 - 1386 pages
...Defining when paper Is taken for value In sections 23, 28, and 27 (Russell's St §§ 18851887), It provides: "Value Is any consideration sufficient to support a simple contract An antecedent or рте-existing debt constitutes a value, and Is deemed such, whether the Instrument is payable on... | |
 | Maryland - 1898 - 700 pages
...consideration ; and every person whose signature appears thereon to have become a party thereto for value. 44. Value is any consideration sufficient to support a simple contract. An antecedent or pre existing debt constitutes value ; and it is deemed sucli whether the instrument is payable on demand... | |
 | Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - 1916 - 880 pages
...definition of what constitutes value, as defined by section 4075, Rev. Laws 1910. Said section reads : "Value is any consideration sufficient to support...instrument is payable on demand or at a future time." It therefore clearly appears that the giving of said instruction, especially in view of the fact that... | |
| |
