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" But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him is conclusively presumed. "
The Pacific Reporter - Page 44
1925
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Current Legal Issues Affecting Central Banks, Volume V

Mr.Robert C. Effros - Business & Economics - 1998 - 867 pages
...case may be. But if the bill be in the hands of a holder in due course a valid delivery of the bill by all parties prior to him so as to make them liable to him is conclusively presumed. (3) Where a bill is no longer in the possession of a party who has signed it as drawer, acceptor, or...
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Statutes on International Trade 3/e

Carr, Richard Kidner - Law - 2000 - 810 pages
...drawing, accepting, or indorsing, as the case may be; (b) may be shown to have been conditional or for a special purpose only, and not for the purpose of transferring the property in the bill. But if the bill be in the hands of a holder in due course a valid delivery of the bill by all...
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Statutes and Conventions on International Trade 4/e

Indira Carr, Taylor & Francis Group, Richard Kidner - Law - 2003 - 680 pages
...drawing, accepting, or indorsing, as the case may be; (b) may be shown to have been conditional or for a special purpose only, and not for the purpose of transferring the property in the bill. But if the bill be in the hands of a holder in due course a valid delivery of the bill by all...
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