Where a negotiable instrument is materially altered without the assent of all parties liable thereon, it is avoided except as against a party who has himself made, authorized or assented to the alteration and subsequent indorsers. But when an instrument... General Laws of the State of Idaho ... - Page 400by Idaho - 1903Full view - About this book
| Accounting - 1913 - 498 pages
...the note if any? ANSWER TO QUESTION 5 The Negotiable Instruments Act of May 16, 1901, provides that where a negotiable instrument is materially altered...enforce payment thereof according to its original tenor. A change in date is specified under the act as a material alteration. The case stated, however, does... | |
| John Edson Brady - Banking law - 1926 - 588 pages
...drawn. 48 This rule has been incorporated into the Negotiable Instruments Law, which provides that "when an instrument has been materially altered and...payment thereof according to its original tenor." " § 144. Effect of bank's statement that check is "good." In some cases a person, to whom a check... | |
| Thomas Bugard Paton - Banking law - 1926 - 1408 pages
...the note as originally drawn, since the Xegotiable Instruments Law, I 124, specifically provides that "when an instrument has been materially altered and...enforce payment thereof according to its original t*nor." (Munroe v. Stanley, 220 Mass. 438, 107 XE 1010; Broadway Xat. Bank v. Heflernan, 220 Mass.... | |
| California Bar Association - Bar associations - 1911 - 376 pages
...that the cancellation was made unintentionally, or under a mistake or without authority. SECTION 3205. Where a negotiable instrument is materially altered...enforce payment thereof according to its original tenor. SECTION 3206. Any alteration which changes, — (1) The date; (2) The sum payable, either for principal... | |
| California - Civil law - 1927 - 690 pages
...cancellation was made unintentionally, or under a mistake or without authority. 1917—1550. 3205. Where a negotiable instrument is materially altered...enforce payment thereof according to its original tenor. 1917 —1550. 3206. Any alteration which changes — (1) The date; (2) The sum payable, either for... | |
| Henry Winthrop Ballantine - Bar examinations - 1927 - 1166 pages
...underlying debt. The Negotiable Instruments Law has changed some of the above rules by enacting that, "when an instrument has been materially altered, and...payment thereof according to its original tenor." Under the act, then, whether the instrument was fraudulently or innocently altered, the holder in due... | |
| Law - 1915 - 532 pages
...righj to collect it. The court held that the section of Negotiable Instruments Law which provides that: "When an instrument has been materially altered and...enforce payment thereof according to its original tenor" applied to alterations in a note not yet due. We think, however, this is not so very evident. "Due... | |
| Law - 1905 - 540 pages
...who has himself made, authorized or assented to the alteration, and subsequent indorsers." "But where an instrument has been materially altered and is in...payment thereof according to its original tenor." In Hank v. Bosserman, 32 a note was signed by A and payable to В or order. В added these words to... | |
| Melville Madison Bigelow - Negotiable instruments - 1928 - 680 pages
...person, and has been paid by the drawer ; and 2. Where it was made or accepted for accommodation, and has been paid by the party accommodated. SEC. 122....original tenor. SEC. 125. Any alteration which changes : — 1. The date; 2. The sum payable, either for principal or interest ; 3. The time or place of payment... | |
| Melville Madison Bigelow - Negotiable instruments - 1928 - 682 pages
...alteration, and subsequent indorsers. : . ." NIL § 124. See ante, Indorser's Contract; NIL § 65. 1 "But when an instrument has been materially altered...enforce payment thereof according to its original tenor" — NIL § 124. See Arnold v. Wood, 127 Ark. 234, 191 SW 960; Commercial Bank v. Arden, 177 Ky. 520,... | |
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