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" In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any... "
Commentary on the Bills of Exchange Act, 1882 (45 & 46 Victoria, Cap. 61) - Side 77
av W. D. Thorburn - 1882 - 283 sider
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Banking and Negotiable Instruments: A Manual of Practical Law

Sir Frank Tillyard - 1906 - 412 sider
...amount to a fraud. An innocent holder, whether for value or not (eg a banker who holds for collection), who derives his title to a bill through a holder in due course, has all the rights of that holder in due course as regards the acceptor and all parties to the bill...
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Report of the Board of Statutory Consolidation: Insurance law to Partnership law

New York (State). Board of Statutory Consolidation - 1907 - 1252 sider
...instrument is subject to the same defenses as if it were nonnegotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter....
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Acts of the Legislature of West Virginia

West Virginia - 1907 - 710 sider
...instrument is subject to the same defenses as if it were non-negotiable; but a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter....
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Acts of the General Assembly of the State of Alabama

Alabama - 1907 - 1034 sider
...holder ln ,. r, ,•, uU i_ j • i-- due course, non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter....
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Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1907 - 406 sider
...instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter....
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Laws

Illinois - 1907 - 644 sider
...is subject to the same defenses as if it were non-negotiable. But the holder who derives his title through a holder in due course, and who is not himself a party to any fraud or duress or illegality affecting the instrument, has all the rights of such former holder in respect...
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The Canadian Law of Banks and Banking: The Clearing House, Currency and ...

John Delatre Falconbridge - 1907 - 736 sider
...shall affect other parties. 57. A holder, whether for value or not, who derives his title Right of 10 a bill through a holder in due course, and who is not him-holder. 1 ' 6 self a party to any fraud or illegality affecting it, has all the rights of that...
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Laws of the Colony of Southern Nigeria, Volum 1

Nigeria. Compilations - 1908 - 880 sider
...he negotiates it in breach of faith, or under such circumstances as amount to a fraud. (3) A holder (whether for value or not), who derives his title...illegality affecting it, has all the rights of that bolder in due course as regards the acceptor, and all parties to the bill prior to that holder. Presumption...
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The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - 1908 - 366 sider
...is subject to the same defenses as if it were non-negotiable (a). But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter...
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Reports of Cases Adjudged in the Court of Appeals of the District ..., Volum 21

District of Columbia. Court of Appeals - 1908 - 680 sider
...simply because the defendant so states them. 3. A holder of a promissory note who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter;...
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