 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1909 - 812 halaman
...value. Burroughs v. Ploof, 73 Mich. 607; Maynard v. Davis, 127 Mich. 571. Section 27 of the act is as follows: "Value is any consideration sufficient...instrument is payable on demand or at a future time." Section 29 provides : "Where the holder has a lien on the instrument, arising either from contract... | |
 | American Bar Association - 1906 - 474 halaman
...or as pledgee. "Purchaser " includes mortgagee and pledgee. "Receipt " means a warehouse receipt. " Value " is any consideration sufficient to support a simple contract. An antecedent or pre-existing obligation, whether for money or not, constitutes value where a receipt is taken either in satisfaction... | |
 | 1910 - 2132 halaman
...463—25, 463 — 27, 463—29); Act Pa. May 16, 1901 (PL 199). In article 2, § 25, value is defined as follows : "Value is any consideration sufficient...instrument is payable on demand or at a future time." Section 27 provides: "Where the holder has a lien on the Instrument, arising either from contract or... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1881 - 418 halaman
...consideration for the issue or subsequent negotiation of a bill is an antecedent debt, it is immaterial whether the instrument is payable on demand or at a future time." I Hone v. Simt (1830) 1 B. & Ail. nt 526 ; Cf. Burden v. Bcntan (1847), 9 QB 843 ; Uarnblowtr\. Proud... | |
 | Virginia - 1899 - 724 halaman
...appears thereon to have become a party thereto for value. §25. WHAT CONSTITUTES CONSIDERATION. — Value is any consideration sufficient to support a...instrument is payable on demand or at a future time. §26. WHAT CONSTITUTES HOLDER FOR VALUE. Where value has at any time been given for the instrument... | |
 | 1918 - 1036 halaman
...among others nominated in the section: "(3) That he took it In good faith and for value." Section 49S2: "An antecedent or pre-existing debt constitutes value,...instrument is payable on demand or at a future time. Where value has at any time been given for the instrument, the holder is deemed a holder for vnlue... | |
 | 1907 - 1278 halaman
...approved March 24, 1904 (Acts 1904, p. 213, c. 102), contains, among others, these provisions: "Sec. 25. Value Is any consideration sufficient to support a...contract. An antecedent or pre-existing debt constitutes a value, and Is deemed such, whether the Instrument Is payable on demand or at a future time. "Sec.... | |
 | 1911 - 1320 halaman
...sufficient to support a simple contract. An antecedent or pre-existing debt constitutes a value, which is deemed such, whether the instrument is payable on demand or at a future time." And section 27 of said act further provides that : "Where the bolder has a Hen on the instrument, arising... | |
 | 1910 - 1386 halaman
...when paper Is taken for value In sections 23, 28, and 27 (Russell's St §§ 18851887), It provides: "Value Is any consideration sufficient to support a simple contract An antecedent or рте-existing debt constitutes a value, and Is deemed such, whether the Instrument is payable on... | |
 | 1903 - 1338 halaman
...the law, unless the negotiable instrument law has changed the same. Section 51 of such act provides: "Value Is any consideration sufficient to support...Instrument is payable on demand or at a future time." Standing alone, this provision has not changed the existing law. It was always the law of this state... | |
| |
Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value ; and is deemed such whether the instrument is payable on demand or at a future time. 
