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... Laws - Page 409by Illinois - 1907Full view - About this book
| Ohio. Supreme Court - Law reports, digests, etc - 1910 - 748 pages
...signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party." As to those primarily liable it provides that: "The person primarily liable upon an instrument is the... | |
| Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - Law reports, digests, etc - 1909 - 588 pages
...signed the instrument as maker, drawer, acceptor, or endorser, without receiving value therefor, and for the purpose of lending his name to some other...Instrument knew him to be only an accommodation party." Section 60: "The maker of a negotiable instrument by making it engages that he will pay it according... | |
| Law reports, digests, etc - 1905 - 1120 pages
...signed the Instrument as maker, drawer, acceptor or Indorser, without receiving value therefor, and for the purpose of lending his name to some other...Instrument knew him to be only an accommodation party." "Sec. 69. A holder In due course is a holder who has taken the instrument under the following conditions:... | |
| Law reports, digests, etc - 1910 - 2132 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...Instrument knew him to be only an accommodation party." Tested by these statutes, the liability of the defendants under the facts in proof is, I think, too... | |
| Henry Clay Brubaker, Charles Israel Landis, George Ross Eshleman, Issac Clinton Arnold - Law - 1921 - 632 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party." He is, however, not liable to the principal to whom he is loaning his name simply as an accommodation.... | |
| Law reports, digests, etc - 1910 - 1168 pages
...signed the Instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party." "Sec. 60. The maker of a negotiable instrument by making it engages that he will pay It according to... | |
| Law reports, digests, etc - 1911 - 1164 pages
...and for the purpose of lending his name to some other person." And the section further declares that "such a person is liable on the instrument to a holder...instrument knew him to be only an accommodation party." The mere fact therefore that this note was an accommodation note, would not constitute a defense against... | |
| Law reports, digests, etc - 1913 - 1134 pages
...any person not a' holder in due courte. Section 29 defines an accommodation party, and provides that such a person is liable on the instrument to a holder...instrument knew him to be only an accommodation party. In view of the general scope and declaratory provisions of said act, we are of the opinion that the... | |
| Law reports, digests, etc - 1903 - 1164 pages
...receiving value therefor, and for the purpose of lending his name to some other person. Such a party is liable on the Instrument to a holder for value,...instrument, knew him to be only an accommodation party." It is obvious from the above language of the Code, and from that of Maitland's Case, that an accommodation... | |
| Law reports, digests, etc - 1919 - 1050 pages
...same topic and KEY-NUMBEK in all Key-Numbered Digests ала Indexes er pprson. Such n person is Hablo on the instrument to a holder for value, notwithstanding...instrument knew him to be only an accommodation party." Act May 16. 11Ю1 '(PL 1Î14Ï § 20. [2] It Is further contended by the appellee tnat by the terms... | |
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