| North Carolina. Supreme Court - 1905 - 922 sidor
...settled distinction between persons primarily liable and those secondarily liable on commercial paper. "The person primarily liable on an instrument is the...terms of the instrument is absolutely required to pay the same. All other parties are secondarily liable." Section 2342. A surety comes squarely within the... | |
| Ohio. Supreme Court - 1910 - 748 sidor
...accommodation party." As to those primarily liable it provides that: "The person primarily liable upon an instrument is the person who by the terms of the instrument is absolutely required to pay the same. All other parties are secondarily liable." We suppose the law to be too well settled to require... | |
| Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - 1909 - 588 sidor
...such party is expressly reserved." Section 192: 'The person 'primarily' liable on an Instrument Is a person who by the terms of the instrument is absolutely required to pay the same. All other parties are 'secondarily' liable." By subdivision 6 of section 120 it will be seen... | |
| 1910 - 1168 sidor
...prima facie a holder in due course, and by section 192 (page 373), the person primarily liable is he who by the terms of the instrument is absolutely required to pay it. Held, that one apparently a joint maker of a note could not show as a defense under section 58 (page... | |
| 1908 - 1168 sidor
...negotiable instrument must be in writing, and signed by the maker or drawer. The person primarily liable Is the person who, by the terms of the Instrument, is absolutely required to pay the same, all others being secondarily liable. A person placing his signature upon an instrument otherwise... | |
| 1908 - 1134 sidor
...NOTES— WHO ABE INDORSEES. Nee. Inst. Act (Pub. Laws 189C-1900, p. 84, c. 674) art. 1, § 3. provides that the person "primarily" liable on an instrument is the person who, by the terms thereof, is absolutely required to pay the same, and that all other parties are "secondarily" liable.... | |
| 1917 - 914 sidor
...official edition, prepared and recommended by the Conference of Commissioners on Uniform State Laws.) "The person 'primarily' liable on an instrument is...terms of the instrument is absolutely required to pay the same. All other parties are 'secondarily' liable." 21 And following are the provisions (sections... | |
| Virginia - 1899 - 724 sidor
..." includes printed, and "writing" includes print. §192. PERSON PRIMARILY LIABLE ON INSTRUMENT.— The person "primarily" liable on an instrument is...terms of the instrument is absolutely required to pay the same. All other parties are "secondarily " liable. §193. REASONABLE TIME; WHAT CONSTITUTES. —... | |
| 1917 - 1328 sidor
...concerned. The Negotiable Instruments Act provides that the person "primarily" liable to the holder on an instrument is the person who by the terms of the instrument is absolutely required to pay the same. See, also, sections 119 and 120, and Graham v. Shephard, 136 Tenn. — , 189 SW 807. And... | |
| Maryland - 1898 - 700 sidor
..."Value" means valuable consideration. "Written" includes printed, and "writing" includes print. 15. The person "primarily" liable on an instrument is...terms of the instrument is absolutely required to pay the same. All other parties are "secondarily" liable. 16. In determining what is a "reasonable time"... | |
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