 Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien.  Michigan Reports: Cases Decided in the Supreme Court of Michigan - Side 68av Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Herschel Bouton Lazell, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, James M. Reasoner, Richard W. Cooper - 1909Uten tilgangsbegrensning - Om denne boken
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1920 - 808 sider
...defendants' note to the extent of its lien. Section 6068, 2 Comp. Laws 1915. This section provides that: "Where the holder has a lien on the instrument, arising...deemed a holder for value to the extent of his lien." See, also, Graham v. Smith, 155 Mich. 65. We think it would follow that after the indebtedness was... | |
 | American Bar Association - 1887 - 460 sider
...to the bill who became parties prior to such time. (3) Where the holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. SEC. 28. (1) That au accommodation... | |
 | Institute of Bankers (Great Britain) - 1920 - 406 sider
...collection (Sec. 27, ss 3, Bills of Exchange Act, 1882). Where a holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. Set-off. The word lien is... | |
 | 1910 - 2132 sider
...value; and is deemed such whether the instrument is payable on demand or at a future time." Section 27 provides: "Where the holder has a lien on the Instrument,...deemed a holder for value to the extent of his lien." Section 29 declares: "An accommodation party is one who has signed the instrument as maker, drawer,... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1882 - 126 sider
...not sue his awn principal — see too sect. 29 (3). (3.) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. Apart from special agreement,... | |
 | Great Britain - 1882 - 574 sider
...to the bill who became parties prior to such time. (3.) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. 28. (1.) An accommodation... | |
 | W. D. Thorburn - 1882 - 316 sider
...who became parties prior to such time (/). §27. (3.) Where the holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien (g). (a.) This section does... | |
 | India, Patrick Dunlop Shaw - 1882 - 362 sider
...to the bill who became parties prior to such time. (3.) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. 28. (1.) An accommodation... | |
 | John Indermaur - 1883 - 604 sider
...to the bill who became parties prior to such time (d). Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien." No title can The general... | |
 | Oscar Borchardt - 1883 - 392 sider
...to the bill who became parties prior to such time. (3.) Where the holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. 28. (1.) An accommodation... | |
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