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" 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 495
1903
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 155

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
...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...
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Report of the ... Annual Meeting of the American Bar Association, Part 2

American Bar Association - 1906
...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...
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A Digest of the Law of Bills of Exchange, Promissory Notes and Cheques

Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1881 - 332 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...
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The Code of Virginia: With the Declaration of Independence and the ...

Virginia - 1899 - 1177 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...
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The Southern Reporter, Volume 76

1918
...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...
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The Southwestern Reporter, Volume 97

1907
...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....
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The Southwestern Reporter, Volume 135

1911
...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...
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The Southwestern Reporter, Volume 126

1910
...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...
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The Maryland Code: Public General Laws : Adopted by the General Assembly of ...

Maryland - 1898
...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...
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Oklahoma Reports, Volume 54

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
...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...
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