 Gives the holder an election to require something to be done in lieu of payment of money. But nothing in this section shall validate any provision or stipulation otherwise illegal.  The Pacific Reporter - Page 2411911Full view - About this book
 | Law - 1918 - 498 pages
...authorizes the sale of collateral securities in case the instrument be not paid at maturity; second, authorizes a confession of judgment if the instrument be not paid at maturity; third, waives the benefit of any law intended for the advantage or protection of the obligor; fourth,... | |
 | American Bar Association - Law - 1905 - 980 pages
...2 (Crawf., s. 24), the negotiable character of an instrument is not affected by a provision that " authorizes a confession of judgment if the instrument be not paid at maturity." The effect of a provision authorizing confession of judgment before maturity of the instrument is to... | |
 | Virginia - Law - 1899 - 724 pages
...1. Authorizes the sale of collateral securities in case the instrument be not paid at maturity ; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity ; or Ii. Waives the benefit of any law intended for the advantage or protection of the obligor ; or 4. Gives... | |
 | Maryland - Law - 1898 - 700 pages
...1. Authorizes the sale of collateral securities in case the instrument be not paid at maturity ; or 2. Authorizes a confession of judgment if the instrument...intended for the advantage or protection of the obligor ; or 4. Gives the holder an election to require something to be done in lieu of payment of money. But... | |
 | New York (State) - Law - 1897 - 996 pages
...1. Authorizes the sale of collateral securities in case the instrument be not paid at maturity; or 2. Authorizes a confession of judgment if the instrument...intended for the advantage or protection of the obligor; or -1. Gives the holder an election to require something to be done in lieu of payment of money. But... | |
 | Florida - Law - 1897 - 426 pages
...1. Authorizes the sale of collateral securities in case the instrument be not paid at maturity; or 2. Authorizes a confession of judgment if the instrument...intended for the advantage or protection of the obligor; or 4. Gives the holder an election to require something to be done in lieu of payment of money. But... | |
 | Iowa. General Assembly. House of Representatives - Iowa - 1897 - 1164 pages
...1. Authorizes the sale of collateral securities in case the instrument be not paid at maturity; or 2. Authorizes a confession of judgment if the instrument...intended for the advantage or protection of the obligor; or 4. Gives the holder an election to require something to be done in lien of payment of money. But... | |
 | Colorado - Electronic journals - 1897 - 434 pages
...Authorizes a confession of judgment if the judgment. instrument be not paid at maturity; or waiver. 3. Waives the benefit of any law intended for the advantage or protection of the obligor; or Election. 4- Gives the holder an election to require something to be done in lieu of payment of... | |
 | Massachusetts - 1898 - 48 pages
...instrument is not paid at maturity ; or 2. Authorizes a confession of judgment if the instrument is not paid at maturity ; or 3. Waives the benefit of...intended for the advantage or protection of the obligor ; or 4. Gives the holder an election to require something to be done in lieu of payment of money. But... | |
 | Wisconsin - 1899 - 88 pages
...1. Authorizes the sale of collateral securities in case the instrument be not paid at maturity; or 2. Authorizes a confession of judgment if the instrument...intended for the advantage or protection of the obligor ; or 4. Gives the holder an election to require something to be done in lieu of payment of money. But... | |
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