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" And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof... "
Laws - Side 414
av Illinois - 1907
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Annual Reports of the Secretary of War, Volum 4

United States. War Department - 1912 - 810 sider
...capacity to indorse; and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored,...subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...
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Commentaries on the Law of Contracts: Being a Consideration of the ..., Volum 4

William Frederick Elliott - 1913 - 1180 sider
...(2) that the instrument is at the time of his indorsement valid and subsisting, and, in addition, he engages that on due presentment, it shall be accepted...any subsequent indorser who may be compelled to pay it."87 "Edie v. East India Co., 2 Burr. "Castle v. Candee, 16 Conn. 223; 1216; Fawsett v. US National...
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1913 - 804 sider
...capacity to endorse, and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored^...subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...
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Session Laws

South Dakota - 1913 - 796 sider
...capacity to endorse, and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored,,...subsequent indorser who may be compelled to pay it. But (he drawer may insert in the instrument an express stipulation negativing or limiting his own liability...
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McMaster's Commercial Decisions Affecting the Banker and Merchant ..., Volum 11

James Smith McMaster - 1908 - 800 sider
...engages that, on due presentment, the instrument shall be accepted or paid or both, as the case may be, and that if it be dishonored, and the necessary proceedings...subsequent indorser who may be compelled to pay it. Presentment for payment must be made at a reasonable hour on a business day at a proper place to the...
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McMaster's Commercial Decisions Affecting the Banker and Merchant ..., Volum 10

James Smith McMaster - 1907 - 750 sider
...Every indorser who indorses without qualification engages that on due presentment it shall be paid, and that, if it be dishonored and the necessary proceedings...taken, he will pay the amount thereof to the holder. Section 66. Except as hereinafter otherwise provided, presentment for payment is necessary in order...
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Everyday Law: A Plain Statement of the Elementary Principles of Law ...

Frederick Hampden Bacon - 1913 - 226 sider
...and that if it be dishonored, and the necessary proceedings on dishonor taken, he will pay the amount to the holder, or to any subsequent indorser who may be compelled to pay it. A person who accepts the instrument, such as a draft, engages to pay it and admits the existence of...
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Acts and Joint Resolutions of the General Assembly of the State of South ...

South Carolina - 1914 - 734 sider
...to indorse ; and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor; and that if it be dishonored,...subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...
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Handbook of the Law of Bills and Notes

Charles Phelps Norton, William Underhill Moore, Harold McLean Wilkie - 1914 - 800 sider
...2. That the instrument is at the time of his indorsement valid and subsisting. And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may 1O See pp. 183-193, 287, 293, 324, supra. 11 See p. 324, supra. 12 See pp. 5, 200, 225. 226, 287, 293,...
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Essentials of the Law ...: Elementary law ... with notes and references for ...

Marshall Davis Ewell - 1915 - 1178 sider
...2. That the instrument is at the time of his indorsement valid and subsisting. And, in addition, he engages that on due presentment, it shall be accepted...any subsequent indorser who may be compelled to pay it.8 Sec. 67. Where a person places his indorsement on an instrument negotiable by delivery he incurs...
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