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" Every holder is deemed prima facie to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired... "
Supplement to the Revised Statutes of the United States: Volume 2 ... - Page 1771
by United States - 1901 - 2037 pages
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The Maryland Code: Public General Laws : Adopted by the General Assembly of ...

Maryland - Law - 1898
...is shown that the title of any person who has negotiated the instrument was defective, the burden ia on the holder to prove that he or some person under...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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Oklahoma Reports, Volume 54

Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - Law reports, digests, etc - 1916
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...prior to the acquisition of such defective title." Section 4113: "A person placing his signature upon an instrument otherwise than as maker, drawer or...
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Reports of Cases Argued and Determined in the Ohio Circuit Courts ..., Volume 22

William John Tossell - Law reports, digests, etc - 1912
...definition that if a note is obtained by fraud the title is defective, as provided in Gen. Code 8160, "the burden is on the holder to prove that he or some...claims acquired the title as a holder in due course. ' ' In other words, if a defense is established against the original payee, then the holder who claims...
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Laws Passed at the Session of the General Assembly of the State of Colorado

Colorado - Law - 1897
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...prior to the acquisition of such defective title. ARTICLE V. Liabilities of Parties. Sec. 60. The maker of a negotiable instrument Liability of by making...
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Laws of the State of New York, Volume 2

New York (State) - Law - 1897
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...prior to the acquisition of such defective title. ARTICLE YI. LIABILITIES OF PARTIES. Section 110. Liability of maker. 111. Liability of drawer. 112....
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Journal of the House of Representatives of the ... Regular Session of the ...

Iowa. General Assembly. House of Representatives - Iowa - 1897
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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Acts and Resolutions Adopted by the Legislature of Florida

Florida - Law - 1897
...drawer. Acceptor's admissions. Deemed an indorser. Person placing signature in blank on instriiment. of a party who became bound on the instrument prior to the acquisition of such defective title. ARTICLE V. Liabilities of Parties. SEC. 60. The maker of a negotiable instrument by making it engages...
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Laws of the State of Wisconsin

Wisconsin - Law - 1899
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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Laws of the State of Utah

Utah - 1899
...to be a holder in due course: but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...acquired the title as a holder in due course. But the last mentioned rule does not apply in favor of a party who became bound on the instrument prior to...
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A Treatise on the Law of Commercial Paper: Containing a Full ..., Volume 3

Joseph Fitz Randolph - Commercial law - 1899 - 3048 pages
...to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the...claims acquired the title as a holder in due course. J5ut the last-mentioned rule does not apply in favor of a party who became bound on the instrument...
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