 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...  The Pacific Reporter - Page 3041914Full view - About this book
 | Law reports, digests, etc - 1901 - 1276 pages
...in the complaint. -It is provided by the negotiable instruments law (chapter 612, Laws 1897) that, where the instrument is paid by a party secondarily liable thereon, it is not discharged (section 202), and in other sections of the act it is provided how and when such instruments are discharged.... | |
 | United States - Law - 1901 - 934 pages
...Payment by CHARGE. — Where the instrument is paid by a partv secondarily liable Ра[*У secondarily thereon it is not discharged; but the party so paying it is reunited to сдайте * his former rights as regards all prior parties, and he may strike out his... | |
 | District of Columbia - Law - 1902 - 400 pages
...such party is expressly reserved. Sec. 1425. PAYMENT BY PARTY SECONDARILY LIABLE NOT A DISCHARGE. — Where the instrument is paid by a party secondarily...indorsements and again negotiate the instrument, except — First. Where it is payable to the order of a third person and has been paid by the drawer; and,... | |
 | John Jay Crawford - Negotiable instruments - 1902 - 220 pages
...reserved, or unless he is fully indemnified." § 202. Right of party who discharges instrument.— Where the instrument is paid by a party secondarily...subsequent indorsements, and again negotiate the instrument (a), except: 1. Where it is payable to the order of a third person, and has been paid by the drawer;... | |
 | Ohio - Session laws - 1902 - 1048 pages
...secondarily liable, or unless the right of recourse against such party is expressly reserved. ties, and he may strike out his own and all subsequent indorsements, and again negotiate the instrument except: i,. Where it is payable to the order of a third person, and has been paid by the drawer ; and, 2. Where... | |
 | Idaho - Electronic journals - 1903 - 494 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: First. Where it is payable to the order of a third person, and had been paid by the drawer ; and Second.... | |
 | Kentucky - Session laws - 1904 - 378 pages
...paid bv a party — wh ™- secondarily liable thereon, it is not discharged; but rights of holder. the party so paying it is remitted to his former rights...indorsements, and again negotiate the instrument, except: !'l) Where it is payable to the order of a third person, and has been paid by the drawer; and (2) Where... | |
 | Charles Monfort Lindsay - Negotiable instruments - 1904 - 204 pages
...81 NYS, 422; 81 App. Div., 593. § 121. Right of Party Secondarily Liable Who Pays Instrument. — Where the instrument is paid by a party secondarily...to his former rights as regards all prior parties (a), and he may strike out his own and all subsequent indorsements, and again negotiate the instrument... | |
 | Kentucky - Law - 1904 - 384 pages
...Party who pays « 121. Where the instrument is paid bv a nartv may negotiate- again ' , , • ~when- secondarily liable thereon, it is not discharged;...regards all prior parties, and he may strike out his ovrn and all subsequent indorsements, and again negotiate the instrument, except: '• 1 ) Where it,... | |
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