 | West Virginia - Banking law - 1917 - 174 pages
...expressly reserved. (Acts 1907, Reg Sess., c. 81.) § 121. Payment by party secondarily liable. — When the instrument is paid by a party secondarily liable...indorsements, and again negotiate the instrument; except (1) where it is payable to the order of a third person, and has been paid by the drawer; and (2) where... | |
 | Calvin Frank Allen - Business law - 1919 - 490 pages
...strike out his own and all subsequent indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person, and hau been paid by the drawer ; and 2. Where it was made or accepted for accommodation, and has been... | |
 | Charles Thaddeus Terry - Uniform state laws - 1920 - 708 pages
...Barber (1914}. 149 N. W. 767. United States.— Nalitzky v. Williams (1917). 237 Fed. 802. Section 121. Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except: (1) Where it is payable to the order of a third porson, and has been paid by the drawer; and (2) Where... | |
 | John T. Fitzpatrick - Domestic relations - 1920 - 660 pages
...such party is expressly reserved. DISCHARGE. 205 i 202. Right of party who discharges, instrument. Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person, and has been paid by the drawer; and 2. Where... | |
 | Walter Gould Lincoln - Commercial law - 1920 - 406 pages
...party is expressly reserved. 3202. Where the instrument is paid by a party secondarily liable on it, it is not discharged; but the party so paying it is...indorsements, and again negotiate the instrument, \except4-(l) Where it is payable to the order of a third person, and has been paid by the drawer; and... | |
 | Alfred William Bays - Bailments - 1920 - 480 pages
...party secondarily liable, or unless the right of recourse against such party is expressly reserved. remitted to his former rights as regards all prior...indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person and has been paid by the drawer ; and, 2. Where... | |
 | Charles Thaddeus Terry - Uniform state laws - 1920 - 708 pages
...strike out his own and all sub-sequent indorsements, and again negotiate the instrument, except: (1) Where it is payable to the order of a third person, and has been paid by the drawer; and (2) Where it was made or accepted for accommodation, and ha.« been paid by the party accommodated.... | |
 | Albert Sidney Bolles - Business law - 1920 - 256 pages
...strike out his own and all subsequent indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer; and, 2. Where it was made or accepted for accommodation, and has been paid by the party accommodated. SEC.... | |
 | Benjamin Russell - Bills of exchange - 1921 - 644 pages
...to his former rights as regards the acceptor and all antecedent parties, and may, if he thinks fit, strike out his own and all subsequent indorsements and again negotiate the bill. But there is one case in which the bill cannot be reissued. It is dealt with in the following... | |
 | Howard Leslie Smith, William Underhill Moore - Negotiable instruments - 1922 - 874 pages
...secondarily liable, or unless the right of recourse against such party is expressly reserved. Sec. 121. Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer ; and 2. Where... | |
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Where the instrument is paid by a party secondarily liable thereon it is not discharged; but the party so paying it is remitted to his former rights as regards all prior parties, and he may strike out his own and all subsequent indorsements, and again... 
