 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1909 - 812 페이지
...Burroughs v. Ploof, 73 Mich. 607; Maynard v. Davis, 127 Mich. 571. Section 27 of the act is as follows: "Value is any consideration sufficient to support...instrument is payable on demand or at a future time." Section 29 provides : "Where the holder has a lien on the instrument, arising either from contract... | |
 | American Bar Association - 1906 - 474 페이지
...or as pledgee. "Purchaser " includes mortgagee and pledgee. "Receipt " means a warehouse receipt. " Value " is any consideration sufficient to support a simple contract. An antecedent or pre-existing obligation, whether for money or not, constitutes value where a receipt is taken either in satisfaction... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1881 - 418 페이지
...consideration for the issue or subsequent negotiation of a bill is an antecedent debt, it is immaterial whether the instrument is payable on demand or at a future time." I Hone v. Simt (1830) 1 B. & Ail. nt 526 ; Cf. Burden v. Bcntan (1847), 9 QB 843 ; Uarnblowtr\. Proud... | |
 | Virginia - 1899 - 724 페이지
...appears thereon to have become a party thereto for value. §25. WHAT CONSTITUTES CONSIDERATION. — Value is any consideration sufficient to support a...instrument is payable on demand or at a future time. §26. WHAT CONSTITUTES HOLDER FOR VALUE. Where value has at any time been given for the instrument... | |
 | 1918 - 1036 페이지
...among others nominated in the section: "(3) That he took it In good faith and for value." Section 49S2: "An antecedent or pre-existing debt constitutes value,...instrument is payable on demand or at a future time. Where value has at any time been given for the instrument, the holder is deemed a holder for vnlue... | |
 | 1907 - 1278 페이지
...approved March 24, 1904 (Acts 1904, p. 213, c. 102), contains, among others, these provisions: "Sec. 25. Value Is any consideration sufficient to support a...contract. An antecedent or pre-existing debt constitutes a value, and Is deemed such, whether the Instrument Is payable on demand or at a future time. "Sec.... | |
 | 1911 - 1320 페이지
...sufficient to support a simple contract. An antecedent or pre-existing debt constitutes a value, which is deemed such, whether the instrument is payable on demand or at a future time." And section 27 of said act further provides that : "Where the bolder has a Hen on the instrument, arising... | |
 | 1910 - 1386 페이지
...Defining when paper Is taken for value In sections 23, 28, and 27 (Russell's St §§ 18851887), It provides: "Value Is any consideration sufficient to support a simple contract An antecedent or рте-existing debt constitutes a value, and Is deemed such, whether the Instrument is payable on... | |
 | 1913 - 1290 페이지
...Legislation in the United States. That law provides : Section 51 : "What Constitutes Consideration. — Value Is any consideration sufficient to support a...and is deemed such whether the Instrument is payable oil demand or at a future time." Section 52 : "What Constitutes Holder for Value. — Where value has... | |
 | Maryland - 1898 - 700 페이지
...consideration ; and every person whose signature appears thereon to have become a party thereto for value. 44. Value is any consideration sufficient to support a simple contract. An antecedent or pre existing debt constitutes value ; and it is deemed sucli whether the instrument is payable on demand... | |
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Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value ; and is deemed such whether the instrument is payable on demand or at a future time. 
