 Where the instrument is paid by a party secondarily liable thereon it is not discharged; but the party so paying it is remitted to his former rights as regards all prior parties, and he may strike out his own and all subsequent indorsements, and again...  Session Laws - Page 399by West Virginia - 1907Full view - About this book
 | Law reports, digests, etc - 1914 - 1246 pages
...payment by a party secondarily liable. Turning to section 3511, Rem. ft Bal. Code, we read: "Where the instrument is paid by a party secondarily liable...Indorsements, and again negotiate the Instrument, except: (1) Where it is payable to the order of a third person, and has been paid by the drawer; and (2) where... | |
 | Law reports, digests, etc - 1914 - 1230 pages
...prejudicially reduced. [2] Section 128 of the negotiable Instruments law reads as follows: "\Vliere the instrument is paid by a party secondarily liable thereon, it is not discharged, but the parly so paying it is remitted to his former rights, as regards all prior partios, and he may strike... | |
 | Virginia - Law - 1899 - 724 pages
...against such party is expressly reserved. $121. RIGHT OF PARTY WHO DISCHARGED INSTRUMENT. — Where the instrument is paid by a party secondarily liable...indorsements and again negotiate the instrument, except — 1. Where it is payable to the order of a third person and has been paid by the drawer ; and 2.... | |
 | Electronic journals - 1915 - 880 pages
...course, and sued the maker. The Uniform Negotiable Instruments Law, section 121, provides that, "where the instrument is paid by a party secondarily liable...to his former rights as regards all prior parties." Held, that the plaintiff can recover on the note, and that section 121 of the Uniform Negotiable Instruments... | |
 | Maryland - Law - 1898 - 700 pages
...enforce the instrument, unless the right of recourse against such party is expressly reserved. 140. Where the instrument is paid by a party secondarily liable...indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person, and has been paid by the drawer ; and 2. Where... | |
 | Law reports, digests, etc - 1921 - 1048 pages
...Laws, c. 38) it is provided that, with certain exceptions which are not pertinent to this case, where the instrument is paid by a party secondarily liable...subsequent indorsements and again negotiate the instrument. Here the drawer and indorser, a party secondarily liable, after payment of the amount of the acceptance... | |
 | New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1901 - 774 pages
...the complaint. It is provided by the Negotiable Instruments Law (Laws of 1897, chap. 612) that where the instrument is paid by a. party secondarily liable thereon, it is not discharged (§ 202), and in other sections of the act it is provided how and when such instruments are discharged.... | |
 | New York (State) - Law - 1897 - 996 pages
...against such party is expressly reserved; § 202. Eight of party who discharges instrument. — Where the instrument is paid by a party secondarily liable...indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person, and has been paid by the drawer; and 2. Where... | |
 | Florida - Law - 1897 - 426 pages
...secondarily liable, or unless the right of recourse against such party is expressly reserved. SEC. 121. Where the instrument is paid by a party secondarily liable...indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer; and 2. Where... | |
 | Iowa. General Assembly. House of Representatives - Iowa - 1897 - 1164 pages
...secondarily liable, or unless the right of recourse against such party is expressly reserved. Sec. 128. Where the instrument is paid by a party secondarily liable...indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer; and 2. Where... | |
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