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" If the holder receives it after it is due, its nonpayment at maturity is notice to him of dishonor, and he takes it subject to all the equities existing between the original parties... "
The Southeastern Reporter - Side 6
1888
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Reports of Cases Decided in the Supreme Court of the State of ..., Volum 10

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 - 1902 - 794 sider
...aside a judgment. Mendell v. Kimball, 85 Ill. 582, 6 Enc. Pl. & Pr. 158. The assignee of a' judgment takes it subject to all the equities existing between the original parties whether he had notice of the same or not. Kimball v. Cummings (Ky.) 2 Metc. 327; Blakesley v. Johnson,...
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Lawyers' Reports Annotated, Bok 18

1905 - 1048 sider
...section 278B of the Code of Georgia provides as follows: "If the holder receives it after it is due, its nonpayment at maturity is notice to him of dishonor,...transaction, but due at different times, the fact that the one is overdue and unpaid shall be notice to the purchaser of all, and put him on his guard." And...
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Law of Defenses in Actions on Commercial Paper: Including the ..., Volum 1

Joseph Asbury Joyce - 1907 - 1244 sider
...is not such an excessive rate of discount as to warrant the inference of bad faith.5 3 If there are several notes constituting one transaction but due...the purchaser of all to put him on his guard as to each.5 4 Where certain notes have serial numbers on their face and the cashier of a bank knew that...
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Handbook of the Law of Evidence

John Jay McKelvey - 1907 - 626 sider
...and others of a similar character. * * * It Is Insisted, however, that the indorsee of a note overdue takes It subject to all the equities existing between the original parties at the time of the indorsement, and that, if the admissions made by a prior holder are excluded, then...
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Practical Problems in Banking and Currency: Being a Number of Selected ...

Walter Henry Hull - 1907 - 628 sider
...merely as collateral security for a pre-existing debt, no new consideration being given for it, the bank takes it subject to all the equities existing between the original parties. But a Missouri bank which accepts a negotiable note before maturity in payment of, as distinguished...
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The Texas Civil Appeals Reports: Cases Argued and Determined in ..., Volum 46

Texas. Court of Civil Appeals - 1909 - 760 sider
...164 Pa. St., 224; 30 AtL Bep., 355; 16 Cyc,, 1118-1119, and cases cited. The assignee of a judgment takes it subject to all the equities existing between the original parties, whether he had notice of the same or not. Where a judgment once paid or otherwise discharged, but not...
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Commentaries on the Law of Contracts: Being a Consideration of the ..., Volum 4

William Frederick Elliott - 1913 - 1180 sider
...investigation.11 As a rule such holder must have acquired the instrument before maturity ; otherwise he takes it subject to all the equities existing between the original parties at the time of its transfer.12 The following provisions of the Negotiable Instruments Law con* Smith...
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Hubbell's Legal Directory for Lawyers and Businessmen ...

1907 - 1848 sider
...such bona fide and for value. If the holder of the negotiable instrument receives it after due, its non-payment at maturity is notice to him of dishonor,...the equities existing between the original parties. If there be several notes constituting one transaction, the fact that one is overdue and unpaid shall...
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The Digest of the Decisions of the Courts of Ohio from the Earliest ..., Volum 6

William Herbert Page - 1914 - 1166 sider
...the plaintiffs claim. It was held that the plaintiffs hold an equitable title only to the note, and subject to all the equities existing between the original parties thereto and since by the terms of his contract TM assumed the obligations of an indorser only, and the note never...
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Cases on the Law of Mortgages

Edgar Noble Durfee - 1915 - 554 sider
...below applied to this case the familiar rule that the purchaser of a non-negotiable chose in action takes it subject to all the equities existing between the original parties thereto, not only, but to all the latent equities of third persons. The general rule of law, as thus stated,...
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