 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.  Advertising, and Other Addresses - Page 133by Francis Bacon James - 1907 - 136 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 - 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 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... | |
 | 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... | |
 | 1911 - 1320 pages
...collateral to secure other debts. Section 25 of the Negotiable Instruments Code (Laws 1904, c. 102) provides that: "Value is any consideration sufficient...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... | |
 | 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 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... | |
 | 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 simple 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... | |
 | 1910 - 1386 pages
...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... | |
 | 1903 - 1338 pages
...the law, unless the negotiable instrument law has changed the same. Section 51 of such act provides: "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... | |
 | 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... | |
 | New York (State). Courts - 1906 - 800 pages
...time of taking the instrument knew him to be only an accommodation party. By section 51 it is provided that " 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... | |
 | 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 a simple contract. An antecedent or p're-existing debt constitutes value, and is deemed such whether the instrument is payable on demand or at a future... | |
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