 | Virginia - 1899 - 724 pages
...or otherwise. § 29. LIABILITY OF ACCOMMODATION INDORSER. — An accommodation party is one who has signed the instrument as maker, drawer, acceptor,...instrument knew him to be only an accommodation party. ARTICLE III. NEGOTIATION. §31. INDORSEMENT; now MADE. — The indorsement must be written on the instrument... | |
 | 1917 - 914 pages
...defines an accommodation party and his liability as follows: "An accommodation party is one who has signed the instrument as maker, drawer, acceptor or...instrument knew him to be only an accommodation party." 19 As to irregular indorsements, the Act provides (Section 64): "Where a person, not otherwise a party... | |
 | 1913 - 1348 pages
...the person making the same dorser;" and in subsection 29 that, "An accommodation party Is one who has signed the Instrument as maker, drawer, acceptor,...the purpose of lending his name to some other person ;" and In section 63 that, "A person placing his signature upon an instrument otherwise than as maker,... | |
 | 1919 - 392 pages
...By section 29, of the same Act (p. 199), it is provided that "an accommodation party is one who has signed the instrument as maker, drawer, acceptor or...instrument knew him to be only an accommodation party." Therefore, even if the plaintiff bank knew that all of these parties were accommodation indorsers and... | |
 | Maryland - 1898 - 700 pages
...fail.ure is an ascertained and liquidated amount or otherwise. 48. An accommodation party is one who has signed the instrument as maker, drawer, acceptor or...instrument knew him to be only an accommodation party. CHAPTER IV— Negotiation. 49. An instrument is negotiated when it is transferred from one person to... | |
 | 1922 - 1052 pages
...signed the instrument, without value received, and for the purpose of lending his name to some other person, is liable on the instrument to a holder for...at the time of taking the instrument, knew him to he onlv an accommodation maker. Ncrr. Ins. Law, § 55. [5] (2) That, although the bank may be a holder... | |
 | 1903 - 1338 pages
...section 55 an accommodation party is made liable on the instrument to a holder for value, although such holder at the time of taking the instrument knew him to be .only an accommodation party. Section 91 defines a holder in due course to be a person who has taken the instrument under the following... | |
 | Frederick Stroud - 1890 - 1062 pages
...Ch. c. 318. ACCOMMODATION.—" An Accommodation Party to a Bill is a person who has signed a Bill, as Drawer, Acceptor, or Indorser, without receiving Value...purpose of lending his name to some other person. " (2) An Accommodation Party is liable on the Bill to a Holder for Value, and it is immaterial whether,... | |
 | John Augustus Barron - 1890 - 152 pages
...person who Aooommor J £ dation has signed a bill as drawer, acceptor, or indorser, without p^ty to a receiving value therefor, and for the purpose of lending his name to some other person : 2. An accommodation party is liable on the bill to a HI? iiar * bility. holder for value ; and it... | |
 | Henry Roscoe, Maurice Powell - 1891 - 924 pages
...holder for value. Sect. 28. " (1.) An accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person. " (2.) An accommodation party is liable on the bill to a holder for value: and it is immaterial whether,... | |
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An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for... 
