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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... "
Laws of the State of New York - Página 714
por New York (State) - 1897
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Smith's Financial Dictionary

Howard Irving Smith - 1903 - 543 páginas
...the accommodation indorser nothing can be recovered. Accommodation party. One who signs a negotiable instrument as maker, drawer, acceptor or indorser...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...
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Encyclopædia of Accounting, Volumen1

George Lisle - 1903
...ACCOMMODATION BILL. — An accommodation party to a bill of exchange is a person who has signed the bill as drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person. The circumstance that a party has, in fact, received no value for the bill does not of itself make...
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Principles of Law: Commercial Paper; Banks and Banking; Partnership ...

International Correspondence Schools - 1903
...the value 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...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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McMaster's Commercial Decisions Affecting the Banker and Merchant ..., Volumen6

James Smith McMaster - 1903
...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...
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The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 800 páginas
...whether the failure is an ascertained and liquidated amount or otherwise. Aecommodation party defined.— An accommodation party is one who has signed the instrument...instrument knew him to be only an accommodation party. NOTE.— Defendant's accommodation note, payable in bank, was by the payee indorsed to his creditor...
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The Maryland Code, Public General Laws, Codified, Volumen1

Maryland - 1904
...a defense pro tanto, whether the failure is an ascertained and liquidated amount or otherwise. 48. An accommodation party is one who has signed the instrument...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...
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Proceedings of the ... Annual Conference of ..., Volumen18,Parte1908

Commissioners on Uniform State Laws (U.S.). Conference - 1908
...such fact or not. Section 55 of the Negotiable Instruments Law (Laws 1897, p. 728, c. 612) provides: 'An accommodation party is one who has signed the...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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Acts of the General Assembly of the Commonwealth of Kentucky, Passed

Kentucky - 1904
...whether the failure is an ascertained and liquidated amount or otherwise. § 29. AYi accommodation par% is one who has signed the instrument as maker, drawer,...knew him to be only an accommodation party. ARTICLE III. Negotiation. § 30. An instrument is negotiated when it is trans- I,l^ttic00nMtitute8 ferred from...
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - 1904
...whether the failure is an ascertained and liquidated amount or otherwise. § 29. Aft accommodation pai% is one who 'has signed the instrument as maker, drawer,...knew him to be only an accommodation party. ARTICLE III. Negotiation. § 30. An instrument is negotiated when it is transferred from one person to another...
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Proceedings of the ... Annual Conference of ..., Volumen17,Parte1907

Commissioners on Uniform State Laws (U.S.). Conference - 1907
...Bank, 104 NY Supp. 750 (decided June 6, 1907). This section provides that an accommodation endorser is liable on the instrument to a holder for value,...instrument, knew him to be only an accommodation party. The court held, therefore, that a defendant, who was asked to identify at the bank the payee of a check,...
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