 | Law reports, digests, etc - 1919 - 1884 pages
...warrants to all subsequent holders in due course: (1) That the instrument is genuine; (2) that he has good title to it; (3) that all prior parties had capacity to contract; (4) that the instrument is valid and subsisting; and, in addition, he engages that it will be paid on presentation,... | |
 | William Meade Fletcher - Corporation law - 1919 - 1352 pages
...assigns for value a claim secured by a certificate, unless a contrary intention appears, warrants * * * that he has no knowledge of any fact which would impair the validity of the certificate." This act is in force in Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New... | |
 | New York (State) - Law - 1917 - 224 pages
...qualified indorsement. Every person negotiating an instrument by delivery or by a qualified indorsement, warrants : 1. That the instrument is genuine and in all respects what it purports to be ; li. 1909, ch. 43 Liabilities of Parties § 115 3. That all prior parties had capacity to contract... | |
 | New York (State) - Law - 1917 - 328 pages
...warrants — (a) That the certificate is genuine, (h) That he has a legal right to transfer it, and (c) That he has no knowledge of any fact which would impair the validity of the certificate. In the case of an assignment of a claim secured by a certificate, the liability of the... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1956 - 1274 pages
...Corporation of notes or other negotiable instruments Selling Bank expressly warrants that each such instrument is genuine and in all respects what it purports to be ; that it has good title to each such instrument ; that all prior parties hart capacity to contract;... | |
 | Law reports, digests, etc - 1919 - 1826 pages
...warrants to all subsequent holders in due course: (1) That the instrument is genuine; (2) that he has good title to it; (3) that all prior parties had capacity to contract; (4) that the instrument is valid and subsisting; and, in addition, he engages that it will be paid on presentation,... | |
 | Law reports, digests, etc - 1924 - 940 pages
...indorsement "without recourse" still leaves the indorser liable as a vendor, with the following warranties that the instrument is genuine and in all respects what it purports to be; that the indorser has a good title to it; that all prior parties had capacity to contract; and that... | |
 | Pennsylvania Bar Association - Bar associations - 1910 - 602 pages
...warrants — (a) That the certificate is genuine, (b) That he has a legal right to transfer it, and (f) That he has no knowledge of any fact which would impair the validity of the certificate. In the case of an assignment of a claim secured by a certificate, the liability of the... | |
 | Illinois - Law - 1917 - 880 pages
...warrants — (a) That the certificate is genuine. (b) That he has a legal right to transfer it, and (c) That he has no knowledge of any fact which would impair the validity of the certificate. In the case of an assignment of a claim secured by a certificate, the liability of the... | |
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In the case of an assignment of a claim secured by a certificate, the liability of the assignor upon such warranty shall not exceed the amount of the claim. 
