 | Law reports, digests, etc - 1914 - 1246 pages
...effect of payment by a party secondarily liable. Turning to section 3511, Rem. ft Bal. Code, we read: "Where the instrument is paid by a party secondarily...Indorsements, and again negotiate the Instrument, except: (1) Where it is payable to the order of a third person, and has been paid by the drawer; and... | |
 | Law reports, digests, etc - 1914 - 1230 pages
...prejudicially reduced. [2] Section 128 of the negotiable Instruments law reads as follows: "\Vliere the instrument is paid by a party secondarily liable thereon, it is not discharged, but the parly so paying it is remitted to his former rights, as regards all prior partios, and he may strike... | |
 | Virginia - Law - 1899 - 724 pages
...recourse against such party is expressly reserved. $121. RIGHT OF PARTY WHO DISCHARGED INSTRUMENT. — Where the instrument is paid by a party secondarily...subsequent indorsements and again negotiate the instrument, except — 1. Where it is payable to the order of a third person and has been paid by the drawer ;... | |
 | Electronic journals - 1915 - 880 pages
...due course, and sued the maker. The Uniform Negotiable Instruments Law, section 121, provides that, "where the instrument is paid by a party secondarily...to his former rights as regards all prior parties." Held, that the plaintiff can recover on the note, and that section 121 of the Uniform Negotiable Instruments... | |
 | Maryland - Law - 1898 - 700 pages
...enforce the instrument, unless the right of recourse against such party is expressly reserved. 140. Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person, and has been paid by the drawer ; and... | |
 | New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1901 - 774 pages
...averred in the complaint. It is provided by the Negotiable Instruments Law (Laws of 1897, chap. 612) that where the instrument is paid by a. party secondarily liable thereon, it is not discharged (§ 202), and in other sections of the act it is provided how and when such instruments are discharged.... | |
 | Florida - Law - 1897 - 426 pages
...secondarily liable, or unless the right of recourse against such party is expressly reserved. SEC. 121. Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer; and... | |
 | New York (State) - Law - 1897 - 996 pages
...recourse against such party is expressly reserved; § 202. Eight of party who discharges instrument. — Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except : 1. Where it is payable to the order of a third person, and has been paid by the drawer; and... | |
 | Iowa. General Assembly. House of Representatives - Iowa - 1897 - 1164 pages
...secondarily liable, or unless the right of recourse against such party is expressly reserved. Sec. 128. Where the instrument is paid by a party secondarily...indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer; and... | |
 | Colorado - Electronic journals - 1897 - 394 pages
...is paid by a dorser no dis- party secondarily liable thereon, it is not discharged; charge. j^t. ^e party so paying it is remitted to his former rights...indorsements, and again negotiate the instrument, except: 1. Where it is payable to the order of a third person, and has been paid by the drawer; and... | |
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Where the instrument is paid by a party secondarily liable thereon, it is not discharged; but the party so paying it is remitted to his former rights... 
