 The acceptor of a bill is the principal debtor, and the drawer the surety, and nothing will discharge the acceptor but payment or a release. He is bound, though he accepted without consideration, and for the sole accommodation of the drawer.  Commentaries on American Law - Seite 56von James Kent - 1828Vollansicht - Über dieses Buch
 | Andrew White Young - 1836 - 334 Seiten
...presented in a reasonable time, or the holder must bear the loss proceeding from his neglect. CI2. The acceptor of a bill is the principal debtor, and the drawer is the surety ; and nothing will discharge the acceptor but payment or a release. If the acceptor alters... | |
 | Andrew White Young - 1840 - 348 Seiten
...presented in a reasonable time, or the holder must bear the loss proceeding from his neglect. § 679. The acceptor of a bill is the principal debtor ; and the drawer is the surety ; and nothing will discharge the acceptor but payment or a release. If the acceptor alters... | |
 | John Bouvier - 1843 - 752 Seiten
...Inst. 3, 30, 1. ACCEPTOR, contracts. The person who agrees to pay a bill of exchange drawn upon him. The acceptor of a bill is the principal debtor, and the drawer the surety. He is bound, though he accepted without consideration, and for the sole accommodation of the drawer.... | |
 | Alabama. Supreme Court - 1871 - 818 Seiten
...primarily liable to the bona Jide holder and owner. "The acceptor of a bill," says Chancellor Kent, " is the principal debtor, and the drawer the surety,...nothing will discharge the acceptor but payment or a reWilson et al. v. lebell. lease. He is bound, though he accepted without consideration, and for the... | |
 | Andrew White Young - 1839 - 384 Seiten
...presented in a reasonable time, or the holder must bear the loss proceeding from his neglect. § 679. The acceptor of a bill is the principal debtor ; and the drawer is the surety ; and nothing will discharge the acceptor but payment or a release. If the acceptor alters... | |
 | Isaac Ridler Butts - 1849 - 118 Seiten
...acceptor, must be able to prove that the signatures of the endorsers, through whom he claims, are genuine. The acceptor of a bill is the principal debtor, and the drawer and endorsers are to be regarded as sureties ; and nothing will discharge the acceptor, but payment... | |
 | Isaac Ridler Butts - 1852 - 596 Seiten
...acceptor, must be able to prove that the signatures of the indorsers, through whom he claims, are genuine. The acceptor of a bill is the principal debtor, and the drawer and indorsers are to be regarded as sureties; and nothing will discharge the acceptor, but payment... | |
 | Vermont. Supreme Court - 1855 - 830 Seiten
...holder." Story on Bills, § 291, 368, 432, 434. Chancellor KENT, 3 Kent's Com. 104 ; also observes, " that the acceptor of a bill is the principal debtor, and...discharge the acceptor, but payment or a release. Accommodation paper is now governed by the same rules as other paper. This is the latest and the best... | |
 | James Kent - 1858 - 728 Seiten
...opposition to the distinguished argument of Sir John Strange, and it has continued unshaken to this day. (b) The acceptor of a bill is the principal debtor, and...nothing will discharge the acceptor but payment or a release.2 He is bound to an innocent indorsee, though he accepted without consideration, and for the... | |
 | Andrew White Young - 1858 - 460 Seiten
...and as evidence of the fact, writes his acceptance upon it. An ao ceptance may, however, be by parol. The acceptor of a bill is the principal debtor, and the drawer the surety. The acceptor is bound, though he accepted without consideration, and for the sole accommodation of... | |
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