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" By a valid tender of payment made by a prior party; 5. By a release of the principal debtor, unless the holder's right of recourse against the party secondarily liable is expressly reserved; 6. By any agreement binding upon the holder to extend the time... "
General Laws of the State of Idaho Passed at the First- Session of the State ... - Page 400
by Idaho - 1903
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Acts of the legislature of west virginia

1907
...his own right. Sec. 120. A person secondarily liable on the instrument is discharged : First, by any act which discharges the instrument; Second, by the...instrument, unless made with the assent of the party second-- arily liable or unless the right of recourse against such party is expressly reserved. Sec....
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The Pacific Reporter, Volume 89

Law reports, digests, etc - 1907
...unless the holder's right of recourse against the party secondarily liable Is expressly reserved; (6) by any agreement binding upon the holder to extend...recourse against such party is expressly reserved." В. & С. Сотр. | 4522. "The person 'primarily' liable on an Instrument Is the person who by the...
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Acts of the General Assembly of the State of Alabama

Alabama - Law - 1907
...unless the holders right of recourse against the party secondarily liable is expressly reserved. 6. By any agreement, binding upon the holder to extend...recourse against such party is expressly reserved. Section 121. Where the instrument is paid by a party secondarily liable thereon, it is not di charged,...
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Laws

Illinois - Law - 1907
...the principal debtor be an accommodating party. 5. By an agreement in favor of the principal debtor binding upon the holder to extend the time of payment,...enforce the instrument, unless made with the assent prior or subsequent of the party secondarily liable, or unless the right of recourse against such party...
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Lawyers' Reports Annotated, Book 10

Law reports, digests, etc - 1907
...unless the holder's right of recourse against the party secondarily liable is expressly reserved; (6) by any agreement binding upon the holder to extend...the holder's right to enforce the instrument unless the right of recourse against such party is expressly reserved." .Since the passage of the negotiable...
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Law of Defenses in Actions on Commercial Paper: Including the ..., Volume 1

Joseph Asbury Joyce - 1907 - 1091 pages
...unless the holder's right of recourse against the party secondarily liable is expressly reserved; (6) by any agreement binding upon the holder to extend...the holder's right to enforce the instrument, unless the right of recourse against such party is expressly reserved. 1 679. Same subject—Maker.—A...
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Report of the Board of Statutory Consolidation: Insurance law to Partnership law

New York (State). Board of Statutory Consolidation - Law - 1907
...unless the holder's right of recourse against the party secondarily liable is expressly reserved ; 6. By any agreement binding upon the holder to extend...payment or to postpone the holder's right to enforce tho instrument, unless the right of recourse against such party is expressly reserved. 2O2. Bight...
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Letters from Prison

James P. Cannon - History - 1908 - 362 pages
...next section, defining the grounds for discharge of a person secondarily liable; (Section 120, cl. 6). "By any agreement binding upon the holder to extend...recourse against such party is expressly reserved." This language, in the judgment of the Courts, is exclusive; it applies to parties secondarily liable...
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The Negotiable Instruments Law: With Comments and Criticisms

Joseph Doddridge Brannan, James Barr Ames, Lyman Denison Brewster, Charles Louis McKeehan - Bills of exchange - 1908 - 250 pages
...unless the holder's right of recourse against the party secondarily liable is expressly reserved. " 6. By any agreement binding upon the holder to extend...recourse against such party is expressly reserved." They are inaccurate, he says, in point of law. " If the party primarily liable is an accommodation...
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The Negotiable Instruments Law with Comments and Criticisms

Joseph Doddridge Brannan - Bills of exchange - 1908 - 250 pages
...unless the holder's right of recourse against the party secondarily liable is expressly reserved ; 2 6. By any agreement binding upon the holder to extend...right of recourse against such party is expressly reserved.2 Sec. 121. Where the instrument is paid by a party secondarily liable thereon, it is not...
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