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" But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him is conclusively presumed. "
Supplement to the Revised Statutes of the United States: Volume 2 ... - Page 1767
by United States - 1901 - 2037 pages
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Statutes on International Trade 3/e

Carr, Richard Kidner - Law - 2000 - 810 pages
...in the bill. But if the bill be in the hands of a holder in due course a valid delivery of the bill by all parties prior to him so as to make them liable to him is conclusively presumed. (3) Where a bill is no longer in the possession of a party who has signed it as drawer, acceptor, or...
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Statutes and Conventions on International Trade 4/e

Indira Carr, Taylor & Francis Group, Richard Kidner - Law - 2003 - 680 pages
...in the bill. But if the bill be in the hands of a holder in due course a valid delivery of the bill by all parties prior to him so as to make them liable to him is conclusively presumed. (3) Where a bill is no longer in the possession of a party who has signed it as drawer, acceptor, or...
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