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" 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 for... "
Encyclopædia of the Laws of England with Forms and Precedents by the Most ... - Page 94
redigeeritud poolt - 1906
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General Laws of the State of Idaho ...

Idaho - 1903 - 494 lehte
...amount or otherwise. SEC. 29. An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the...
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Principles of Law: Commercial Paper; Banks and Banking; Partnership ...

International Correspondence Schools - 1903 - 646 lehte
...given for the same. 35. An accommodation party to an instrument is one who has signed it as maker, drawer, acceptor, or indorser, without receiving value...therefor, and for the purpose of lending his name to another." He is liable on the instrument to a holder for value, and it is immaterial whether, when...
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A Treatise on Commercial Paper and the Negotiable Instruments Law: Including ...

James Webster Eaton, Frank Bixby Gilbert - 1903 - 872 lehte
...tanto, whether the failure is an ascertained and liquidated amount or otherwise. [See ante, p. 275.l 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 for value, notwithstanding such holder at the...
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Goodeve's Modern Law of Personal Property

Louis Arthur Goodeve - 1904 - 548 lehte
...held by the creditor.1 The Act of 1882 defines an "accommodation party "as "a person who has signed a bill as drawer, acceptor, or indorser, without receiving...the purpose of lending his name to some other person ; "" and provides that he is liable to a holder for value, whether the holder took the bill with knowledge...
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A Treatise on the Law of Contracts

Joseph Chitty - 1904 - 940 lehte
...which he has a lien (k). S. 28. — (1) An accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving...purpose of lending his name to some other person. (2) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether,...
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The Customer's Guide to Banking

Henry Warren - 1904 - 432 lehte
...describes an accommodation bill thus : ' An accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving...purpose of lending his name to some other person.' If, therefore, the drawer and acceptor are both accommodation parties, ' some other person ' who is...
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The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 836 lehte
...Aecommodation party defined.— An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the...
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The Maryland Code, Public General Laws, Codified, 1. köide

Maryland - 1904 - 1280 lehte
...liquidated amount or otherwise. 48. An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value...purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the...
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - 1904 - 378 lehte
...amount or otherwise. § 29. Aft accommodation pai% is one who 'has signed the instrument as maker, drawer, acceptor or indorser, without receiving value...purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the...
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Bank Bookkeeping and Accounts: A concise treatise showing the application of ...

John A. Meelboom - 1904 - 184 lehte
...ACCOMMODATION BILL. A bill of exchange on which one person has signed as drawer, acceptor, or endorser, without receiving value therefor, and for the purpose...name to some other person — Bills of Exchange Act, Section 28. ACCOUNT CURRENT. An open account to which debits and credits are constantly placed and...
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