 Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value; and is deemed such whether the instrument is payable on demand or at a future time.  The Southern Reporter - Side 1181918Uten tilgangsbegrensning - Om denne boken
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 sider
...24. 2173. What COnstitutes value. Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value...instrument, is payable on demand or at a future time. 1899, c. 733, s. 25. 2174. Holder deemed holder for value when value given. Where value has at any... | |
 | Robert Emmet Bunker, Michigan - 1905 - 392 sider
...Consideration, what constitutes. — Value is any consideration sufficient to support a simple contract.1 An antecedent or pre-existing debt constitutes value,...the instrument is payable on demand or at a future time.2 1 — A valuable consideration is necessary to support a negotiable Instrument as well as any... | |
 | 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) - 1905 - 758 sider
...good faith and for value." And section 52, entitled " What Constitutes Holder for Value," provides: " Where value has at any time been given for the instrument, the holder is deemed a holder for value in respect to all parties who became such prior to that time." An admission that the note was... | |
 | 1905 - 1080 sider
...Value"; "Purchaser existing debt constitutes value and la deemfor Value"; -'Rental Value"; "Specie ed such whether the Instrument Is payable on demand or at a future time. Negotiable Instruments Law ND 5 25; Rev. Codes ND 1899, Í 1043; Brewster т. Schrader, 57 NY Supp.... | |
 | Emilius Oviatt Randall - 1906 - 238 sider
...[Consideration; What Constitutes.] Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value...instrument is payable on demand or at a future time. A promissory note is not without consideration as to one who executes it as surety, although the consideration... | |
 | District of Columbia - 1906 - 442 sider
...value. Sec. 1329. WHAT is VALUE. — Value is any consideration sufficient to support a simple contract. An antecedent or preexisting debt constitutes value,...instrument is payable on demand or at a future time. Sec. 1330. WHO is HOLDER FOR VALUE. — Where value has at any time been given for the instrument,... | |
 | Robert Emmet Bunker - 1906 - 716 sider
...the rule. Section 52 of the negotiable instruments law defines what constitutes a holder for value : "Where value has at any time been given for the instrument, the holder is deemed a holder for value in respect to all parties who became such prior to that time." And by section 55 an accommodation... | |
 | North Carolina. Supreme Court - 1907 - 888 sider
...thereafter, such negotiation was within a reasonable time. 6. Under Rev., sec. 2173, which enacts "that an antecedent or pre-existing debt constitutes value,...instrument is payable on demand or at a future time," such an indebtedness is sufficient consideration to constitute one a holder for value within the meaning... | |
 | Joseph Asbury Joyce - 1907 - 1244 sider
...transactions involved occurred prior to the passage of the Negotiable Inst. Law, which provides that "an antecedent or preexisting debt constitutes value,...instrument is payable on demand or at a future time." Bank v. Johnston, 105 Tenn. 521, 59 SW 131; Negotiable Inst. Law, Art. II, § 25; Shannon's Supp. Code... | |
 | New York (State). Board of Statutory Consolidation - 1907 - 1252 sider
...What constitutes consideration. Value is any consideration sufficient to support a simple contract. An antecedent or preexisting debt constitutes value;...instrument is payable on demand or at a future time. § 52. What constitutes holder for value. 'Where value has at any time been given for the instrument,... | |
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