 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 Dakota. Supreme Court, Hiram A. Libby, Robert Milligan Carothers, Robert Dimon Hoskins, Edgar Whittlesey Camp, John McDowell Cochrane, Ames Francis Wilbur, Joseph Coghlan, Edwin James Taylor - 1921 - 716 sider
...Compiled Laws 1913, reads thus: "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." The rule would be different if the antecedent or pre-existing indebtedness, which forms consideration... | |
 | Mississippi. Supreme Court - 1921 - 1010 sider
...25 of the act it is provided : "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." By section 26 of the act it is provided : "Where value has at any time been given for the instrument,... | |
 | 1928 - 960 sider
...consideration for the certificates. "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." (Civ. Code, sec. 3106.) Under the rule established in this state a preexisting debt constitutes an... | |
 | Pennsylvania Bar Association - 1899 - 410 sider
...party thereto for value. SEC. 25. 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. SEC. 27. Where the holder has a lien on the instrument, •arising' either from contract or by implication... | |
 | New York State Bar Association - 1898 - 404 sider
...consideration, is as follows: " 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." This section is, in substance, section 27, subdivision 1(b) of the English act, with the difference... | |
 | 1920 - 1112 sider
...Compiled Laws 1913, reads thus: "Value is any consideration sufficient to support n simple contract. An antecedent or preexisting debt constitutes value;...such whether the instrument is payable on demand or nt a future time." The rule would be différent if the antecedent or pre-existing indebtedness, which... | |
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