An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder... The New York Supplement - Page 4221922Full view - About this book
| Ohio. Supreme Court - Law reports, digests, etc - 1910 - 748 pages
...has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the... | |
| Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - Law reports, digests, etc - 1909 - 588 pages
...has signed the instrument as maker, drawer, acceptor, or endorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the... | |
| Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 1878 - 366 pages
...party" means a person who has signed a bill as drawer, indorser, or acceptor, without receiving value, and for the purpose of lending his name to some other person. ILLUSTRATIONS. 1. A. draws a bill on BB accepts it to accommodate A. It is negotiated. This is an accommodation... | |
| American Bar Association - Law - 1887 - 460 pages
...a person who has signed a bill as drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. (2) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether,... | |
| Law reports, digests, etc - 1910 - 2132 pages
...without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the Instrument to a holder for...holder at the time of taking the Instrument knew him to be only an accommodation party." Tested by these statutes, the liability of the defendants under the... | |
| Law reports, digests, etc - 1905 - 1120 pages
...has signed the Instrument as maker, drawer, acceptor or Indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person Is liable on the Instrument to a holder for value, notwithstanding such holder at the... | |
| India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...party' as ' a person, who has signed a bill, as drawer, acceptor or indorser, without receiving value, and for the purpose of lending his name to some other person.'* As on all other bills, the acceptor, is as to holders not parties to the accommodation transaction,... | |
| Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...a person who has signed a bill as drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. (2.) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether,... | |
| W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...who has signed a bill as drawer, acceptor, or in- liartydorser without receiving value (a) therefor, and for the purpose of lending his name to some other person (6.) (2.) An accommodation party is liable on the bill to a holder for value ; and it is immaterial... | |
| Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...party. person who has signed a bill as drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. (2.) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether,... | |
| |