 An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder...  Popular Law Library, Putney... - Page 88by Albert H. Putney - 1908Full view - About this book
 | John Jay Crawford - Negotiable instruments - 1902 - 220 pages
...without receiving value therefor, and for the purpose of lending his name to some other person (a). Such a person is liable on the instrument to a holder...instrument knew him to be only an accommodation party (&). (a) An accommodation note, in the strict sense, is a loan of the maker's credit, without instructions... | |
 | Idaho - Electronic journals - 1903 - 494 pages
...signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party. ARTICLE III.— Negotiation. SEC 30. An instrument is negotiated when it is transferred from one person... | |
 | John Warwick Daniel, Charles Alexander Douglass - Negotiable instruments - 1903 - 1034 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party. * The numbers of the sections of this article in other States than New Yorl are as follows: 'Arizona,... | |
 | James Webster Eaton, Frank Bixby Gilbert - Bills of exchange - 1903 - 872 pages
...pay the same; all others are secondarily liable, i0 An accommodation maker or acceptor is absolutely liable on the instrument to a holder for value, notwithstanding...instrument, knew him to be only an accommodation party. ii It would seem to follow that the statute has disposed of the conflict of authority upon this question... | |
 | Howard Irving Smith - Finance - 1903 - 560 pages
...a negotiable instrument as maker, drawer, acceptor or indorser without receiving value therefor and for the purpose of lending his name to some other...is liable on the instrument to a holder for value (for a consideration paid in money or otherwise), notwithstanding that such holder knew him to be only... | |
 | James Smith McMaster - 1903 - 1004 pages
...section 55 an accommodation party is made liable on the instrument to a bolder for value, although such holder at the time of taking the instrument knew him to be only an accommodation party. Section 91 defines a holder in due course to be a person who has taken the instrument under the following... | |
 | Kentucky - Session laws - 1904 - 378 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party. ARTICLE III. Negotiation. § 30. An instrument is negotiated when it is transferred from one person... | |
 | Maryland - Law - 1904 - 1280 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party. Black v. Bank of Westminster, 96 Md. 416. CHAPTER IV— Negotiation. 49. An instrument is negotiated... | |
 | Kentucky - Law - 1904 - 384 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party. ARTICLE III. Negotiation. § 30. An instrument is negotiated when it is trans- I,l^ttic00nMtitute8... | |
 | Commissioners on Uniform State Laws (U.S.). Conference - Uniform state laws - 1908 - 178 pages
...signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other...instrument knew him to be only an accommodation party.' " The very purpose of the accommodation would be defeated if knowledge of the fact that the responsible... | |
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