 | New York (State) - 1900 - 862 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... | |
 | David Armel Keister - 1900 - 166 pages
...warrants to all subsequent holders, that at the time of his indorsement the instrument was valid, and that on due presentment, it shall be accepted or paid, or both as the case may be and that if it be dishonored, he will pay the amount to the holder, or to any subsequent indorser,... | |
 | Pennsylvania. Laws, statutes, etc - 1901 - 1022 pages
...That the instrument is, at the time of his indorsement, valid and subsisting. Ami, in addition, he engages that on due presentment it shall be accepted...subsequent indorser who may be compelled to pay it. Section 67. Where a person places his indorsement on an instrument negotiable by delivery, he incurs... | |
 | Leslie Jay Tompkins - 1901 - 220 pages
...the time of his indorsement valid and subsisting. (Sec. 116.) Like the drawer, he engages that, upon due presentment, it shall be accepted or paid, or...subsequent indorser who may be compelled to pay it. The position of the indorser is a double one — that of- transferer of title, and as maker of an entirely... | |
 | United States - 1901 - 934 pages
...Second. 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...dishonored and the necessary proceedings on dishonor l>e duly taken, he will pay the amount thereof to the holder or to any subsequent indorser who may... | |
 | 1901 - 242 pages
...the extent of the drawer's liability? The drawer warrants that the bank will pay the check on demand and that, if it be dishonored and the necessary proceedings...taken, he will pay the amount thereof to the holder. 149. When should the holder present a check for payment? When the payee and the drawee bank are in... | |
 | District of Columbia - 1902 - 400 pages
...Second. 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. 1371. INDORSING PAPER NEGOTIABLE BY DELIVERY. — Where a person places his indorsement on an... | |
 | Ohio - 1902 - 1050 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. When person deemed indorser. Liability of irregular Indorser. Warranty where negotiation by delivery,... | |
 | Philippines - 1991 - 496 pages
...is at the time of his indorsement valid and subsisting; (e) That on due presentment, the instrument shall be accepted or paid or both, as the case may be, according to its tenor; and OFFICIAL GAZETTE VOL. 87, No. 43 (f) That if the instrument be diehorrn-ed. and the necessary proceedings... | |
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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... 
