 A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.  Miscellaneous Reports. Cases Decided in the Courts of Record of the State of ... - Side 69av 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) - 1918Uten tilgangsbegrensning - Om denne boken
 | North Carolina. Supreme Court - 1909 - 1058 sider
...on which it is drawn, the certification is equivalent to an acceptance." And section 2338 provides : "Where the holder of a check procures it to be accepted or certified, the drawer and all endorsers are discharged from liability thereon." These cases establish the doctrine as stated in Ore.... | |
 | 1911 - 1174 sider
...the drawee, it is inconceivable why the other would not." Under the provision in section 6021, LOL, that, where the holder of a check procures it to be accepted or certified, the indorsers are discharged from liability, the plaintiff, when It paid the checks in question, precluded... | |
 | Virginia - 1899 - 724 sider
...certification is equivalent to an acceptance. § 188. EFFECT WHERE HOLDER OF CHECE PROCURES IT TO BE CERTIFIED. Where the holder of a check procures it to be accepted or certified the drawer and all indorscrs are discharged from liability thereon. TITLE IV. GENERAL PROVISIONS. ARTICLE I. GENERAL PROVISIONS.... | |
 | Maryland - 1898 - 700 sider
...certified by the bank on which it is drawn, the certification is equivalent to an acceptance. 207. Where the holder of a check procures it to be accepted...all indorsers are discharged from liability thereon. 56 CHANCERY. 208. A check of itself does not operate as an assignment of any part of the funds to the... | |
 | 1903 - 1338 sider
...lessen its value as commercial paper. The negotiable instruments law (section 324), is as follows : "Where the holder of a check procures It to be accepted...Indorsers are discharged from liability thereon." This limits the discharge of the drawer to the act of the holder in procuring the certificate. The... | |
 | 1912 - 1298 sider
...§§ 2, 324, defining a holder as the payee or Indorsee of a bill or note in possession, and declaring that, where the holder of a check procures it to be accepted or certified, the drawer Is discharged from liability, and independent thereof, a bank giving a customer credit on the deposit... | |
 | South Dakota. Supreme Court - 1917 - 794 sider
...instrument, he becomes obligated as upon contract for its payment; but Sec. 186, providing that where holder of a check procures it to be accepted or certified, the drawer and all endorsers are discharged from liability thereon, excludes the application of Sec. 262 to checks, hence... | |
 | New York (State). Supreme Court. Appellate Division - 1905 - 778 sider
...acceptance." (Neg. Inst. Law [Laws of 1897, chap. 612], § 323, as amd. by Laws of 1898, chap. 336.) " Where the holder of a check procures it to be accepted...indorsers are discharged from liability thereon." (Laws of 1897, chap. 612, § 324.) The acceptance and user of this check by II. G. Craig & Co. was,... | |
 | Florida - 1897 - 426 sider
...certified by the bank ou which it is drawn, the certification is equivalent to an acceptance. SEC. 188. Where the holder of a check procures it to be accepted...all indorsers are discharged from liability thereon. SEC. 189. A check of itself does not operate as an assignment of any part of the funds to the credit... | |
 | New York (State) - 1897 - 996 sider
...equivalent to an acceptance. § 324. Effect where the holder of check procures it to be certified. — Where the holder of a check procures it to be accepted...all indorsers are discharged from liability thereon. § 325. When check operates as an assignment. — A check of itself does not operate as an assignment... | |
| |
