...holder. 3. By the discharge of a prior party. 4. By a valid tender of payment made by a prior party. 6. By any agreement binding upon the holder to extend...the instrument, unless made with the assent of the person secondarily liable, or unless the right of recourse against such party is expressly reserved....

...his own right. Sec. 120. A person secondarily liable on the instrument is discharged : First, by any act which discharges the instrument; Second, by the...instrument, unless made with the assent of the party second-- arily liable or unless the right of recourse against such party is expressly reserved. Sec....

...unless the holder's right of recourse against the party secondarily liable Is expressly reserved; (6) by any agreement binding upon the holder to extend...recourse against such party is expressly reserved." В. & С. Сотр. | 4522. "The person 'primarily' liable on an Instrument Is the person who by the...

...unless the holders right of recourse against the party secondarily liable is expressly reserved. 6. By any agreement, binding upon the holder to extend...recourse against such party is expressly reserved. Section 121. Where the instrument is paid by a party secondarily liable thereon, it is not di charged,...

...the principal debtor be an accommodating party. 5. By an agreement in favor of the principal debtor binding upon the holder to extend the time of payment,...enforce the instrument, unless made with the assent prior or subsequent of the party secondarily liable, or unless the right of recourse against such party...

...unless the holder's right of recourse against the party secondarily liable is expressly reserved; (6) by any agreement binding upon the holder to extend...the holder's right to enforce the instrument unless the right of recourse against such party is expressly reserved." .Since the passage of the negotiable...

...unless the holder's right of recourse against the party secondarily liable is expressly reserved; (6) by any agreement binding upon the holder to extend...the holder's right to enforce the instrument, unless the right of recourse against such party is expressly reserved. 1 §679. Same subject—Maker.—A...

...unless the holder's right of recourse against the party secondarily liable is expressly reserved ; 6. By any agreement binding upon the holder to extend...payment or to postpone the holder's right to enforce tho instrument, unless the right of recourse against such party is expressly reserved. § 2O2. Bight...

...next section, defining the grounds for discharge of a person secondarily liable; (Section 120, cl. 6). "By any agreement binding upon the holder to extend...recourse against such party is expressly reserved." This language, in the judgment of the Courts, is exclusive; it applies to parties secondarily liable...

...unless the holder's right of recourse against the party secondarily liable is expressly reserved. " 6. By any agreement binding upon the holder to extend...recourse against such party is expressly reserved." They are inaccurate, he says, in point of law. " If the party primarily liable is an accommodation...