...plaintiff became the holder in due course is unsound. Section 10001, Rev. Stat. 1900, provides as follows : "An instrument is negotiated when it is transferred...transferee the holder thereof. If payable to bearer it is negotiated by delivery ; if payable to order it is negotiated by the indorsement of the holder completed...

...Revised Statutes of 1909, in support of this conclusion. The first of these sections is as follows: "An instrument is negotiated when it is transferred...in such manner as to constitute the transferee the bolder thereof. If payable to hearer it is negotiated by delivery; if payable to order it is negotiated...

...payee from becoming a holder in due course. But the general definition of negotiation is a transference "from one person to another in such manner as to constitute the transferee the holder thereof." See BRANNAN, supra, § 52. And a payee may be a holder. See BRANNAN, supra, § 190. Evidently considering...

...when it is transferred in such manner as to constitute the transferee the holder thereof, and that, if payable to order, it is negotiated by the indorsement of the holder, completed by delivery. Held that, in an action on a note payable to the order of a third person, a complaint alleging that...

...of taking the instrument knew him to be only an accommodation party. CHAPTER IV— Negotiation. 49. An instrument is negotiated when it is transferred...transferee the holder thereof. If payable to bearer, it is negotiated by delivery ; if payable to order, it is negotiated by the indorsement of the holder completed...

...instrument in such manner as to constitute the transferee the holder thereof. Where an instrument is payable to order, it is negotiated by the indorsement of the holder completed by delivery. By section 2 of the same law the holder is defined as the payee or indorsee of a bill or note who is...

...or his order, it is nevertheless payable to him or his order at his option." Sect. 31. "(1.) A bill is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder" (vide sect. 2, ante, p. 340) " of the bill. "...

...section 8, ss. 8. The holder of such a bill is the ~ person in possession of it : section 2 (d) (g). It is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder : section 31. Such a negotiation is a sale of the...

...defense of the maker. It is provided by the Negotiable Instruments Act (Rev. Laws 1910) : "Sec. 4080. An instrument is negotiated when it is transferred from one person to another in such manner Opinion of the Court. as to constitute the transferee the holder thereof. If payable to bearer, it...

...222-224. 8 Anla , . OOQ . > IM.l. , pp. — — ~ 8 Ante, p. 228. Negotiation of Bills. 31. (1) A bill is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder of the bill. (2) A bill payable to bearer is negotiated...