 | International Correspondence Schools - Banks and banking - 1903 - 646 pages
...due course, a negotiable instrument is subject to the same defenses as if it were non-negotiable. But a holder (whether for value or not) who derives his title to an instrument through « » 3 B. & S. (Eng.) 84 (1862). " Ibid.; p. 92. •«Chal. Dig. (Ener.) B.of... | |
 | George Lisle - Accounting - 1903 - 556 pages
...payee or indorsee in possession, or bearer, who derives his title through a holder in due course and is not himself a party to any fraud or illegality affecting it, is himself in the position of a holder in due course as regards the acceptor and all parties prior... | |
 | Louis Arthur Goodeve - Personal property - 1904 - 548 pages
...consideration, or when he negotiates it in breach of faith, or under such circumstances as amount to a fraud. (3.) A holder (whether for value or not), who derives...is not himself a party to any fraud or illegality an'eciiug it, bus all the rights of that holder in due course as regards the acceptor and all parties... | |
 | American Bar Association - Bar associations - 1904 - 980 pages
...100 of Civ. Code, N. Dak. (Crawford, Ann. NIL, sees. 60-91 and 96.) issory note who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect to all parties prior to the latter,... | |
 | Commissioners on Uniform State Laws (U.S.). Conference - Uniform state laws - 1904 - 212 pages
...1899 (the Negotiable Instruments Law), a holder of a negotiable promissory note who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect to all parties prior to the latter,... | |
 | Maryland - Law - 1904 - 1280 pages
...instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.... | |
 | Charles Monfort Lindsay - Negotiable instruments - 1904 - 204 pages
...is subject to the same defenses as if it were non-negotiable (a). But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter... | |
 | Kentucky - Session laws - 1904 - 378 pages
...defe<!ts ject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights 8-L to hold in due •• ri of such former holder in respect of... | |
 | Edward Voigt, Charles Voigt - Commercial law - 1904 - 836 pages
...instrument is subject to the same defenses as if it were nonnegotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud, duress or illegality affecting the instrument, has all the rights of such former holder in respects... | |
 | Kentucky - Law - 1904 - 384 pages
...to d*'ectsject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud °r illegality affecting the instrument, has all the rights of such former holder in respect of all... | |
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In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any... 
