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" And, in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof... "
The Code of Virginia: With the Declaration of Independence and the ... - Page 296
by Virginia - 1899 - 1177 pages
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Corporate Finance and Accounting: Treating of the Corporate Finances and ...

Harry Clark Bentley - Corporation law - 1908 - 505 pages
...according to its tenor and that if it is not and the necessary proceedings on dishonor are duly observed, he will pay the amount thereof to the holder or to any subsequent endorser who may have been compelled to pay the instrument. ( 116.) Where a holder places his endorsement...
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The Consolidated Laws of the State of New York, 1909: Prepared Under the ...

New York (State) - Law - 1909
...or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the Arts. 7, 8 Presentment for Payment. 117-119 holder, or to any subsequent indorser who may be compelled...
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American Law and Procedure, Volume 7

James Parker Hall, James De Witt Andrews - Law - 1910
...or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay...subsequent indorser who may be compelled to pay it. Obviously the contracts of the drawer and indorser are alike in that they are conditional, and in that...
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American Law and Procedure, Volume 7

James Parker Hall, James De Witt Andrews - Law - 1910
...or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay...subsequent indorser who may be compelled to pay it. Obviously the contracts of the drawer and indorser are alike in that they are conditional, and in that...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - Banking law - 1910 - 811 pages
...or both, as the case may be, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay...subsequent indorser who may be compelled to pay it. Nat. Park Bank v. Seaboard Nat. Bank, 114 NY 28, 11 Am. St. Rep. 612, 20 NE 632; US v. Amer. Exeh....
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The Law of Negotiable Instruments: Statutes, Cases and Authorities

Ernest Wilson Huffcut - Negotiable instruments - 1910 - 885 pages
...accepted and paid, or both, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay...any subsequent indorser who may be compelled to pay it.4 2 Page 400. " The maker of a note corresponds with the acceptor of promissory note is the principal...
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The Law of Deposits

Fred William Weitzel - Bank deposits - 1910 - 127 pages
...or both, on due presentment, according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay...amount thereof to the holder, or to any subsequent endorser who may be compelled to pay it. The "necessary proceedings on dishonor" are protest, and notice...
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The New York Supplement

Law reports, digests, etc - 1910
...presentation the instrument will be accepted and paid, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder. If the drawee pays one part of a bill drawn in a set, the bill itself is discharged, and therefore...
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The New York Supplement

Law reports, digests, etc - 1910
...presentation the instrument will be accepted and paid, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder. If the drawee pays one part of a bill drawn in a set, the bill itself is discharged, and therefore...
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The Negotiable Instruments Law Annotated: With References to the English ...

Joseph Doddridge Brannan - Bills of exchange - 1911 - 330 pages
...accepted or51 paid, or both,82 according to its tenor, and that if it be dishonored, and the necessary proceedings on dishonor be duly taken, he will pay...subsequent indorser who may be compelled to pay it. Eut the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...
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