 | Ernest Wilson Huffcut - Negotiable instruments - 1910 - 914 pages
...[NOTE. — 1 NY Rev. Stat. 768, section 7.] § 223. Promise to accept; when equivalent to acceptance. An unconditional promise in writing to accept a bill before it is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | Willis Seaver Paine - Banking law - 1910 - 874 pages
...thereof, receives the bill for value. § 223. Promise to accept; when equivalent to acceptance. — An unconditional promise in writing to accept a bill before it is drawn id deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | James Parker Hall, James De Witt Andrews - Law - 1910 - 484 pages
...anomalous doctrine of so-called "virtual acceptances," which is stated in the NIL (44) as follows: "An unconditional promise in writing to accept a bill, before it is drawn, is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | James Parker Hall, James De Witt Andrews - Law - 1910 - 484 pages
...anomalous doctrine of so-called "virtual acceptances," which is stated in the NIL (44) as follows: "An unconditional promise in writing to accept a bill, before it is drawn, is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | Joseph Doddridge Brannan - Bills of exchange - 1911 - 372 pages
...for value.7 The Illinois Act omits the words "to whom it is shown and" in the third line. SEC. 135. An unconditional promise in writing to accept a bill before it is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | United States - 1911 - 536 pages
...advance of the drawing of a bill, is held by the law of New York to be acceptance, as follows: SEC. 223. An unconditional promise In writing to accept a bill before it Is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | William Arthur Chase - Accounting - 1911 - 542 pages
...the anomalous doctrine of so-called "virtual acceptance," which is stated in the NIL4T as follows: "An unconditional promise in writing to accept a bill, before it is drawn, is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | United States. War Department - 1912 - 814 pages
...thereof, receives the bill for value. SEC. 135. PROMISE TO ACCEPT; WHEN EQUIVALENT TO ACCEPTANCE. — An unconditional promise in writing to accept a bill before it is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
 | Charles Erehart Chadman - Law - 1912 - 666 pages
...thereof, receives the bill for value. Sec. 3175z. [Promise to accept; when equivalent to acceptance.] An unconditional promise in writing to accept a bill before it is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill... | |
| |
An unconditional promise in writing to accept a bill before it is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof, receives the bill for value. 
