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" Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired... "
A Treatise on Commercial Paper and the Negotiable Instruments Law: Including ... - Page 666
by James Webster Eaton, Frank Bixby Gilbert - 1903 - 767 pages
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Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1907 - 406 pages
...former holder in respect of all parties prior to the latter. Sec. 59. Every holder is deemed primajacie to be a holder in due course; but when it is shown...person under whom he claims acquired the title as holder in due course. But the last mentioned rule does not apply in favor of a party who became bound...
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The New York Supplement, Volume 104

Law reports, digests, etc - 1907 - 1262 pages
...Instruments Law, Laws 1897, p. 733, c, 612, | 08, provides that every holder Is deemed prlma facie to be a holder In due course ; but when It Is shown...title of any person who has negotiated the Instrument Is defective, the burden Is on the holder to prove that he or some person under whom he claims acquired...
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Acts of the General Assembly of the State of Alabama

Alabama - Law - 1907 - 1034 pages
...holder in respect of all parties prior to the latter. Section 59. Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has nego-cie holder in tiated the instrument was defective, the burden Jj,"6, course. Tit I(* (lo(o(. is...
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Bills and notes. Guaranty and suretyship. Insurance. Bankruptcy

Albert Hutchinson Putney - Law - 1908 - 396 pages
...FAVOR OF HOLDER IN DUE COURSE — SHIFTING BURDEN — EXCEPTION.] § 59. Every holder is deemed prima fade to be a holder in due course; but when it is...acquired the title as a holder in due course. But the last mentioned rule doejs not apply in favor of a party who became bound on the instrument prior to...
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Popular Law Library, Putney...

Albert H. Putney - Law - 1908 - 394 pages
...FAVOR OF HOLDER IN DUB COURSE — SHIFTING BURDEN — EXCEPTION.] § 59. Every holder is deemed prima fade to be a holder in due course ; but when it is...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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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 - 276 pages
...holder in respect of all parties prior ,to the latter. Sec. 59: Every holder is deemed prima facie to be a holder in due course; but when it is shown...person under whom he claims acquired the title as holder in due course. 3 But the last-mentioned rule does not apply in favor of a party who became bound...
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The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - Negotiable instruments - 1908 - 276 pages
...deemed holder in due course. — Every holder is deemed prima facie to be a holder in due course (a) ; but when it is shown that the title of any person...claims acquired the title as a holder in due course (&). But the last-mentioned rule does not apply in favor of a party who became bound on the instrument...
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The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - Negotiable instruments - 1908 - 366 pages
...facie to be a holder in due course (a) ; but when it is shown that the title of any person who hau negotiated the instrument was defective, the burden...claims acquired the title as a holder in due course (b). But the last-mentioned rule does not apply in favor of a party who became bound on the instrument...
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Annual Report of the American Bar Association: Including ..., Volume 33

American Bar Association - Bar associations - 1908 - 1134 pages
...that the plaintiff was a holder in due course, but if it were shown that the title in the person who negotiated the instrument was defective, the burden is on the holder to prove that some person under whom he claims, acquired title as holder in due course, was not misleading. Hopkins...
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Reports of Cases at Law and in Equity Determined by the Supreme ..., Volume 139

Iowa. Supreme Court - Law reports, digests, etc - 1909 - 1124 pages
...in section 59 (Code Supp. 1907, section 3060a59), as follows: " Every holder is deemed prima facie to be a holder in due course; but when it is shown...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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