 And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof...  The Negotiable Instruments Law of Kentucky - Page 53by Charles Monfort Lindsay - 1904 - 174 pagesFull view - About this book
 | Illinois. Supreme Court - 1919 - 716 pages
...which merely declares the rules of the common law, provides that 'he engages that on due presentment it shall be accepted or paid, or both, as the case...subsequent indorser who may be compelled to pay it.' The indorser's liability as such becomes fixed when demand of payment of the note is made of the principal... | |
 | Illinois. Supreme Court - 1917 - 720 pages
...presentment the bill will be accepted or paid, or both, according to its tenor, and if it be presented and the necessary proceedings on dishonor be duly taken he will pay the amount to the holder or to any indorser who may be compelled to pay it. Therefore, in the absence of any stipulation... | |
 | Virginia - 1899 - 724 pages
...the time of his indorsement valid and subsisting. And in addition he engages that on due presentment it shall be accepted or paid, or both, as the case...subsequent indorser who may be compelled to pay it. §67. LIABILITY OF INDORSER WHERE PAPER NEGOTIABLE BY DELIVERY. Where a person places his indorsement... | |
 | 1913 - 1348 pages
...subsequent holders In due course, • • • and, In addition, he engages that on due presentment, It shall be accepted or paid, or both, as the case...according to its tenor, and that if it be dishonored, and If the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder,... | |
 | Maryland - 1898 - 700 pages
...time of his indorsement valid and subsisting. And, in addition, he engages that, on due presentment, it shall be accepted or paid, or both, as the case...subsequent indorser who may be compelled to pay it. 86. Where a person places his indorsement on an instrument negotiable by delivery, he incurs all the... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1916 - 776 pages
...indorsement valid and subsisting, anil providing that, in addition, he engages that on due presentment it shall be accepted or paid, or both, as the case...if it be dishonored and the necessary proceedings duly taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be... | |
 | 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
...the time of his indorsement valid and subsisting, and in addition " engages that on due presentment it shall be accepted or paid, or both, as the case...subsequent indorser who may be compelled to pay it." The provision of section 324 that " Where the holder of a check procures it to be accepted or certified... | |
 | New York (State). Supreme Court. Appellate Division - 1910 - 1076 pages
...by drawing the instrument engages that on due presentation the instrument will be accepted and paid, and that if it be dishonored and the necessary proceedings...taken he will pay the amount thereof to the holder. If the drawee pays one part of a bill drawn in a set the bill itself is discharged and, therefore,... | |
 | Colorado - 1897 - 434 pages
...time of his indorsement valid and subsisting. And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case...subsequent indorser who may be compelled to pay it. Sec. 67. Where a person places his indorse- Liability of ment on an instrument negotiable by delivery... | |
 | New York (State) - 1897 - 996 pages
...time of his indorsement valid and subsisting. And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case...subsequent indorser who may be compelled to pay it. § 117. Liability of indorser where paper negotiable by delivery. — Where a person places his indorsement... | |
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