Acts of the General Assembly of the Commonwealth of Kentucky, Passed1904 |
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Términos y frases comunes
acceptance act shall take ACT to amend ad valorem tax amend an act amend and re-enact amount appointed Approved March 21 Assembly Auditor of Public became a law Beckham Beckham county bill board of trustees bonds Boyd county certificate CHAPTER circuit court commissioners Commonwealth of Kentucky contract corporation County School Book county seat court clerk Crittenden county deemed dental dollars per annum drawee drawer duty election Elliott county enacted entitled An Act filed fiscal court fund Governor hereby amended hereby repealed hundred dollars indorsement instrument issued Kentucky Statutes levy liable license March 17 ment Monday monwealth of Kentucky negotiable negotiable instrument paid party payable person Public Accounts purpose read as follows receive record red clover registered residence School Book Commission sheriff take effect taxes thereto thousand dollars tion town treasurer tucky twelve juridical days warrant WHEREAS
Pasajes populares
Página 220 - 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 for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Página 239 - Where a negotiable instrument is materially altered without the assent of all parties liable thereon, it is avoided except as against a party who has himself made, authorized or assented to the alteration and subsequent indorsers.
Página 213 - An instrument to be negotiable must conform to the following requirements: 1. It must be in writing and signed by the maker or drawer. 2. Must contain an unconditional promise or order to pay a sum certain in money ; 3.
Página 251 - Holder" means the payee or indorsee of a bill or note, who is in possession of it, or the bearer thereof...
Página 242 - Partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn ; 3.
Página 214 - An unqualified order or promise to pay is unconditional within the meaning of this Act, though coupled with: 1. An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or 2. A statement of the transaction which gives rise to the instrument; but an order or promise to pay out of a particular fund is not unconditional.
Página 244 - Notice of dishonor is not required to be given to an indorser in either of the following cases : 1. Where the drawee is a fictitious person or a person not having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument; 2.
Página 237 - A negotiable instrument is discharged : 1. By payment in due course by or on behalf of the principal debtor ; 2. By payment in due course by the party accommodated, where the instrument is made or accepted for accommodation; 3. By the intentional cancellation thereof by the holder; 4. By any other act which will discharge a simple contract for the payment of money; • 6.
Página 242 - The holder may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from liability on the bill, unless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently assent thereto.
Página 217 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.