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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... "
The Business Law of Wisconsin: With a Collection of Practical Forms for the ... - Page 290
by Edward Voigt, Charles Voigt - 1904 - 800 pages
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The New York Supplement, Volume 89

1904 - 1246 pages
...and the latter having transferred the same to the plaintiff, the latter is a holder in due course. Every holder is deemed prima facie to be a holder...some person under whom he claims acquired the title as a holder in due course. Section 98, p. 733, Id. In the case now before us, by the admissions of...
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The New York Supplement, Volume 80

1903 - 1338 pages
...amount thereof against all parties liable thereon." By section 98 it is provided : "Every holder IB deemed prima facie to be a holder In due course; but...some person under whom he claims acquired the title as a holder in due course." It is evident from these provisions that the Legislature did not intend...
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The New York Supplement, Volume 91

1905 - 1164 pages
...STATUTE. Under Negotiable Instruments Law (Laws 1897, p. 733, e. 612) § 98, providing that, wlion it is shown that the title of any person who has negotiated...some person under whom he claims, acquired the title as a holder in due course, the burden is on the transferee of a note from the payee to show, before...
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The Maryland Code: Public General Laws : Adopted by the General Assembly of ...

Maryland - 1898 - 700 pages
...instrument, has all the rights of such former holder in respect of all parties prior to the latter. 78. Every holder is deemed prima facie to be a holder...negotiated the instrument was defective, the burden ia on the holder to prove that he or some person under whom he claims, acquired the title as a holder...
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The New York Supplement, Volume 164

1917 - 1154 pages
...been granted. Section 98 of the Negotiable Instruments Law (Consol. Laws, c. 38), provides : " * * * When it is shown that the title of any person who...defective, the burden is on the holder to prove that he * * * acquired the title as a holder in due course." Defendant having shown that this note was negotiated...
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Lackawanna Jurist, Volume 12

1912 - 440 pages
...essential averment of pleading, because the 5gth section of the act of 1901, PL 194, provides that "every holder is deemed, prima facie, to be a holder in due course." The same section further provides that "when it is shown that the title of any person who has negotiated...
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The New York Supplement, Volume 145

1914 - 1290 pages
...EXCLUSION OF EVIDENCE. Under Negotiable Instruments Law (Consol. Laws 1909, c. 38), 8 98, providing that, when it is shown that the title of any person who has negotiated an instrument was defective, the burden is on the holder to prove that he is a holder In due course,...
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Reports of Cases Argued and Determined in the Supreme Court of ..., 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 - 880 pages
...payment of the instrument for the full amount thereof Against all parties liable thereon." Section 4109: "Every holder is deemed prima facie to be a holder...some person under whom he claims acquired the title as a holder in due course. But the last-mentioned rule does not apply in favor of a party who became...
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Reports of Cases Argued and Determined in Ohio Courts of Record ..., Volume 21

William John Tossell - 1912 - 940 pages
...rights of such former holder in respect of all parties prior to the latter. "RS 3173d (Gen. Code 8164). Every holder is deemed •prima facie to be a holder in due course;" * * * "RS 3178e (Gen. Code 8300). In any case not provided for in this chapter, the rules of law merchant...
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Reports of Cases Argued and Determined in the Ohio Circuit Courts ..., Volume 22

William John Tossell - 1912 - 832 pages
...contrary to the rule originally enunciated in the pase of Davis v. Rartlett, supra, I will read it. "Every holder is deemed prima facie to be a holder...who has negotiated the instrument was defective," and we have already had the definition that if a note is obtained by fraud the title is defective,...
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