 The drawer by drawing the instrument admits the existence of the payee and his then capacity to indorse; and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored, and the...  The Northwestern Reporter - Page 4151920Full view - About this book
 | Illinois. Supreme Court - 1919 - 716 pages
...that 'he engages that on due presentment it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored...amount thereof to the holder or to any subsequent indorser who may be compelled to pay it.' The indorser's liability as such becomes fixed when demand... | |
 | Illinois. Supreme Court - 1917 - 720 pages
...drawer and payee of a bill of exchange is that the drawer engages that on due presentment the bill will be accepted or paid, or both, according to its tenor, and if it be presented and the necessary proceedings on dishonor be duly taken he will pay the amount to... | |
 | 1913 - 1236 pages
...indorsement was valid and subsisting, and, in addition, he engaged that on due presentation it would be accepted or paid, or both, according to its tenor, and that, if it were dishonored and the necessary proceedings for dishonor should be taken, he would pay the amount... | |
 | Virginia - 1899 - 724 pages
...addition he engages that on due presentment it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored...amount thereof to the holder or to any subsequent indorser who may be compelled to pay it. ยง67. LIABILITY OF INDORSER WHERE PAPER NEGOTIABLE BY DELIVERY.... | |
 | 1913 - 1348 pages
...or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and If the necessary proceedings on dishonor be duly taken,...amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it;" and in subsection 89 that "except as herein otherwise provided,... | |
 | Maryland - 1898 - 700 pages
...of the payee and his then capacity to indorse, and engages that on due presentment, the instrument will be accepted or paid, or both, according to its...amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1916 - 776 pages
...addition, he engages that on due presentment it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored and the necessary proceedings duly taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be... | |
 | New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1918 - 832 pages
...addition " engages that on due presentment it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored,...amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it." The provision of section 324 that " Where the holder of a... | |
 | New York (State). Supreme Court. Appellate Division - 1910 - 1076 pages
...by drawing the instrument engages that on due presentation the instrument will be accepted and paid, and that if it be dishonored and the necessary proceedings...taken he will pay the amount thereof to the holder. If the drawee pays one part of a bill drawn in a set the bill itself is discharged and, therefore,... | |
 | Florida - 1897 - 426 pages
...of the payee and his then capacity to indorse;, and engages that on due presentment the instrument will be accepted or paid, or both, according to its...amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation... | |
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