...were founded in a real business transaction." And section 48 of article 13 of the Code declares that: "An accommodation party is one who has signed the...purpose of lending his name to some other person. Such a party is liable on the Instrument to a holder for value, notwithstanding such holder, at the time of...

...any person not a' holder in due courte. Section 29 defines an accommodation party, and provides that such a person is liable on the instrument to a holder...instrument knew him to be only an accommodation party. In view of the general scope and declaratory provisions of said act, we are of the opinion that the...

...its claim against the construction company, and the appellee became absolutely liable on it, for — "an accommodation party is one who has signed the...therefor, and for the purpose of lending his name to some oth<F=For other cases see same topic and KEY-NUMBEK in all Key-Numbered Digests ала Indexes er pprson....

...the check, as separate valid defenses. Se'ction 48 of article 13 defines an accommodation party as "one who has signed the instrument as maker, drawer,...purpose of lending his name to some other person." And the section further declares that "such a person is liable on the instrument to a holder for value,...

...v. Stanley, 2 QB, 117 166.* 1. An accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving value...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,...

...an ascertained and liquidated amount or otherwise. § 29. LIABILITY OF ACCOMMODATION INDORSER. — An accommodation party is one who has signed the instrument...instrument knew him to be only an accommodation party. ARTICLE III. NEGOTIATION. §31. INDORSEMENT; now MADE. — The indorsement must be written on the instrument...

...suggestion. Section 29 of the Uniform Act defines an accommodation party and his liability as follows: "An accommodation party is one who has signed the...instrument knew him to be only an accommodation party." 19 As to irregular indorsements, the Act provides (Section 64): "Where a person, not otherwise a party...

...that It is not clear In what capacity the person making the same dorser;" and in subsection 29 that, "An accommodation party Is one who has signed the...the purpose of lending his name to some other person ;" and In section 63 that, "A person placing his signature upon an instrument otherwise than as maker,...

...note or bill is one who has signed as drawer, maker, indorser or acceptor, without receiving value, and for the purpose of lending his name to some other person as a means of credit.5 The maturity, or due date, of a note or bill is usually given by the text of...

...does not cover the present proposition. By section 29, of the same Act (p. 199), it is provided that "an accommodation party is one who has signed the...instrument knew him to be only an accommodation party." Therefore, even if the plaintiff bank knew that all of these parties were accommodation indorsers and...