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" Every holder is deemed prima facie to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired... "
Supplement to the Revised Statutes of the United States: Volume 2 ... - Page 1771
by United States - 1901 - 2037 pages
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Laws of the State of Utah

Utah - 1899 - 206 pages
...to be a holder in due course: but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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A Treatise on the Law of Commercial Paper: Containing a Full ..., Volume 3

Joseph Fitz Randolph - 1899 - 1068 pages
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...claims acquired the title as a holder in due course. J5ut the last-mentioned rule does not apply in favor of a party who became bound on the instrument...
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Session Laws of the State of Washington

Washington (State) - 1899 - 476 pages
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...person under whom he claims acquired the title as holder in due course. But the last mentioned rule does not apply in favor of a party who became bound...
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The Negotiable Instrument Law of Wisconsin: Passed at the Session of 1899

Wisconsin - 1899 - 88 pages
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the- instrument was defective, the burden is on the...some person under whom he claims acquired the title in due course. But the last mentioned rule does not apply in favor of a party who became bound on the...
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General Laws of New York: Containing All Amendments to the Close ..., Volume 3

New York (State) - 1900 - 862 pages
...to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...prior to the acquisition of such defective title. 148 §§ 110-114 Article VI. ARTICLE VI. LIABILITIES OF PARTIES. SECTION 110. Liability of maker. 111....
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The Law of Bills, Notes, and Cheques

Melville Madison Bigelow - 1900 - 396 pages
...to he a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...some person under whom he claims acquired the title in due course. But the last mentioned rule does not apply in favor of a party who became bound oa the...
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Report of the Commissioners for Consolidating and Arranging the ..., Parts 1-74

Massachusetts. Commissioners for Consolidating and Arranging the Public Statutes - 1901 - 692 pages
...to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective the burden is on the...person under whom he claims acquired the title as holder in due course. But the last mentioned rule does not apply in favor of a party who became bound...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1901 - 1022 pages
...d*~ be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...person under whom he claims acquired the title as holder in due course. But the lastmentioned rule does not apply in favor of a party who became bound...
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The Code of Law for the District of Columbia: Enacted March 3, 1901; Amended ...

District of Columbia - 1902 - 400 pages
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...prior to the acquisition of such defective title. Sec. 1364. LIABILITY OF MAKER. — The maker of a negotiable instrument, by making it, engages that he will...
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Acts of the State of Ohio, Volume 95

Ohio - 1902 - 1050 pages
...to be a holder in die course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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