 | United States. Tax Court - Law reports, digests, etc - 1954 - 1170 pages
...California, Dlv. 3, pt. 4, tit. 15, ch. 1, art. 2, sec. 3110 provides: • • • An accommodation party la one who has signed the Instrument as maker, drawer,...receiving value therefor, and for the purpose of lending hla name to some other person. Such person Is liable on the Instrument to a holder for value, notwithstanding... | |
 | Law reports, digests, etc - 1925 - 1636 pages
...connection it may be noted that § 29 of the Uniform Negotiable Instruments Act provides as follows: "An accommodation party is one who has signed the...holder at the time of taking the instrument knew him only to be an accommodation party." In construing this provision in a case where one indorsed a note,... | |
 | David Thomas Marvel, John W. Houston, Samuel Maxwell Harrington, James Pennewill, William Henry Boyce, William Watson Harrington, Charles L. Terry, William J. Storey - Law reports, digests, etc - 1915 - 722 pages
...any person not a holder in due course. Section 29 defines an accommodation party, and provides that such a person is liable on the instrument to a holder...instrument knew him to be only an accommodation party. In view of the general scope and declaratory provisions of said act, we are of the opinion that the... | |
 | Pennsylvania Bar Association - Bar associations - 1899 - 410 pages
...defence pro tanto, whether the failure is an ascertained and liquidated amount or otherwise. SEC. 29. An accommodation party is one who has signed the instrument...instrument knew him to be only an accommodation party. ARTICLE III. NEGOTIATION. SEC. 30. An instrument is negotiated when it is transferred from one person... | |
 | K Zweigert, U. Drobnig - Law - 1981 - 198 pages
...388. BEA. - Under BEA 5.28(1), "an accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person." Three special principles apply to such a bill. First, under s. 28(2), an accommodation party is liable... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1882 - 652 pages
...Accommodation Bill or Parly. 28. (1 •) An accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person. (2.) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether,... | |
 | Law reports, digests, etc - 1928 - 1128 pages
...that time." Section 6556. "An accommodation party is one who has signed the instrument as mak57 er, drawer, acceptor or indorser without receiving value...instrument knew him to be only an accommodation party." Section 6585. "In the hands of any holder other than a holder in due course, a negotiable instrument... | |
 | Law reports, digests, etc - 1925 - 1054 pages
...accommodation of Gaddis, and would be liable to a subsequent transferee for value before maturity, "notwithstanding such holder at the time of taking...instrument knew him to be only an accommodation party." Code 1923, § 9055. But, as between the original parties, that is. appellee and the bank, the latter... | |
 | Mr.Robert C. Effros - Business & Economics - 1998 - 870 pages
...Accommodation bill or party. (1) An accommodation party to a bill is a person who has signed a bill as drawer, acceptor, or indorser, without receiving value...purpose of lending his name to some other person. (2) An accommodation party is liable on the bill to a holder for value; and it is immaterial whether,... | |
 | Reinhard Zimmermann, D. P. Visser - History - 1996 - 1218 pages
...move from the promisee.152 In the third place, s. 28 provides that 'a person who has signed a bill as drawer, acceptor or indorser, without receiving value...the purpose of lending his name to some other person ... is liable on the bill to a holder for value' thereby rendering the so-called accommodation party... | |
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An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder... 
