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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 - Page 414
by Illinois - 1907
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 287

Illinois. Supreme Court - 1919 - 716 pages
...The Negotiable Instrument law, which merely declares the rules of the common law, provides that 'he engages that on due presentment it shall be accepted...subsequent indorser who may be compelled to pay it.' The indorser's liability as such becomes fixed when demand of payment of the note is made of the principal...
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The Southwestern Reporter, Volume 153

1913 - 1348 pages
...without qualification, warrants to all subsequent holders In due course, • • • and, In addition, he engages that on due presentment, It shall be accepted...according to its tenor, and that if it be dishonored, and If the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder,...
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The Code of Virginia: With the Declaration of Independence and the ...

Virginia - 1899 - 724 pages
...according to its tenor and admits the existence of the payee and his then capacity to endorse. sary proceedings on dishonor be duly taken he will pay...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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The Maryland Code: Public General Laws : Adopted by the General Assembly of ...

Maryland - 1898 - 700 pages
...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...subsequent indorser who may be compelled to pay it. 86. Where a person places his indorsement on an instrument negotiable by delivery, he incurs all the...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 78

Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1916 - 776 pages
...instrument is at the time of his indorsement valid and subsisting, and providing that, in addition, he engages that on due presentment it shall be accepted...if it be dishonored and the necessary proceedings duly taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be...
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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volume 102

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) - 1918 - 832 pages
...115, and that the instrument is at the time of his indorsement valid and subsisting, and in addition " engages that on due presentment it shall be accepted...subsequent indorser who may be compelled to pay it." The provision of section 324 that " Where the holder of a check procures it to be accepted or certified...
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Reports of Cases Heard and Determined in the Appellate Division ..., Volume 138

New York (State). Supreme Court. Appellate Division - 1910 - 1076 pages
...by drawing the instrument engages that on due presentation the instrument will be accepted and paid, and that if it be dishonored and the necessary proceedings...taken he will pay the amount thereof to the holder. If the drawee pays one part of a bill drawn in a set the bill itself is discharged and, therefore,...
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Laws of the State of New York, Volume 2

New York (State) - 1897 - 996 pages
...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...subsequent indorser who may be compelled to pay it. § 117. Liability of indorser where paper negotiable by delivery. — Where a person places his indorsement...
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Laws Passed at the Session of the General Assembly of the State of Colorado

Colorado - 1897 - 434 pages
...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...subsequent indorser who may be compelled to pay it. Sec. 67. Where a person places his indorse- Liability of ment on an instrument negotiable by delivery...
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Acts and Resolutions Adopted by the Legislature of Florida

Florida - 1897 - 426 pages
...mentioned in su bdivisions one, two and three of the next preceding section; and And, in addition, he engages that on due presentment, it shall be accepted...subsequent indorser who may be compelled to pay it. 2. That the instrument is at the time of his indorsement valid and subsisting. SEC. 67. Where a person...
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