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" Where the holder of an instrument payable to his order transfers it for value without indorsing it, the transfer vests in the transferee such title as the transferor had therein, and the transferee acquires, in addition, the right to have the indorsement... "
A Handy Book on the Law of Bills, Cheques, Notes and IOU's - Pàgina 32
per James Walter Smith - 1884 - 156 pàgines
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The Law of Bills, Notes, and Cheques

Melville Madison Bigelow - 1900 - 396 pàgines
...him, are thereby relieved from liability on the instrument. § 56. Where the holder of an instrument payable to his order transfers it for value without indorsing it, the transfer vests in the transferee such title as the transferrer had therein, and the transferee acquires, in...
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Keister's Wall Street Business Manual: A Hand Book for Everybody

David Armel Keister - 1900 - 166 pàgines
...the payee, he is liable to all parties subsequent to the payee. 14. If the holder 01 an instrument payable to his order, transfers it for value without indorsing it, the transferee acquires such title as the transferer had therein, and is entitled to have the indorsement...
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The Ontario Law Reports: Cases Determined in the Court of Appeal ..., Volum 39

1917 - 684 pàgines
...note. In addition to this, sec. 61 of the Bills of Exchange Act, ll.SC 1906, ch. 119, provides that: "Where the holder of a bill payable to his order transfers it for value without endorsing it, the transfer gives the transferee such title as the transferrer had in the bill, and...
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Journal of the Institute of Bankers, Volum 22

Institute of Bankers (Great Britain) - 1901 - 674 pàgines
...respectively? 2. — What is meant by the re-issue of a bill, and in what cases is it permissible? 3. — The holder of a bill payable to his order transfers it for value without endorsing it. What rights does the transferee acquire? 4. — Define u qualified acceptance. What is...
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Supplement to the Revised Statutes of the United States ..., Volum 2,Part 2

United States - 1901 - 934 pàgines
...with- ÔEC. 1353. TRANSFER WITHOUT INDORSING. — Where the holder of an out indorsing. instrument payable to his order transfers it for value without indorsing it, the transfer vests in the transferee such title as the transferrer ad therein, and the transferee acquires, in addition,...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1901 - 1022 pàgines
...are thereby relieved from liability on the instrument. Section 49. Where the holder of an instrument, payable to his order, transfers it for value without indorsing it, the transfer vests in the transferee such title as the transferor had therein; and the transferee acquires, in addition,...
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The Law of Promissory Notes, Drafts, Checks, Etc

Leslie Jay Tompkins - 1901 - 220 pàgines
...might differ from that of New York. Transfer without indorsement. When the holder of an instrument payable to his order transfers it for value without indorsing it, the party taking has just as much right and title in the instrument as the party had who trans» f erred...
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The Scots Statutes Revised ...: The Public General Statutes Affecting ...

Scotland - 1900 - 594 pàgines
...A bill payable to order is negotiated by the indorsement of the holder completed by delivery. (4.) Where the holder of a bill payable to his order transfers...the right to have the indorsement of the transferor. (5.) Where any person is under obligation to indorse a bill in a representative capacity, he may indorse...
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The Law Relating to Cheques

Eric Russell Watson - 1902 - 182 pàgines
...See § 13, Chapter II., for the explanation of " beater" and " order." Where the holder of a cheque payable to his order transfers it for value without...transferee such title as the transferor had in the cheque, and the transferee in addition acquires the right to have the indorsement of the transferor....
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Acts of the State of Ohio, Volum 95

Ohio - 1902 - 1050 pàgines
...instrument. See. 31721*. [Transfer without endorsement; effect of.] Where the holder of an instrument payable to his order transfers it for value without indorsing it, the transfer vests in the transferee such title as the transferrer had therein and the transferee acquires in addition...
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