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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 55   View pdf image (33K)
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ART. XIII] NEGOTIABLE INSTRUMENTS ACT. 55
CHAPTER VI—Liabilities of Parties.
82.
This section is to be taken in its literal sense; the status of the person
described in this section is absolutely fixed by it and cannot be changed
by parol proof. Lightner v. Roach, 126 Md. 476.
CHAPTER VII—Presentment for Payment.
99.
Evidence held sufficient to show that defendants were accommodation
endorsers within the meaning of this section and section 134. Bergen v.
Trimble, 130 Md. 561.
CHAPTER VIII—Notice of Dishonor.
108.
Persons being endorsers under section 82, in the absence of notice of
non-payment were discharged from liability. Lightner v. Roach, 126 Md.
476.
134.
See notes to section 69.
CHAPTER IX—Discharge of Negotiable Instruments.
138.
This section makes no distinction between a negotiable instrument held
by "a holder in due course" and one held by "a holder for value." An
accommodation maker or acceptor is primarily liable and is not discharged
by any extension of time given to the endorser, drawer or co-maker for
whose benefit he became a party to the instrument, without regard to
whether the plaintiff is a party to the instrument as a payee and knew
the relation subsisting between the accommodation maker and the prin-
cipal debtor. Jamesson v. Citizens Bank, 130 Md. 79.
To the note to this section on page 292 of volume 1 of the Annotated
Code, add Jamesson v. Citizens Bank, 130 Md. 79.
See notes to section 141.
139.
To the note to this section on page 292 of volume 1 of the Annotated
Code, add "And see Jamesson v. Citizens Bank, 130 Md. 79, 80."
141.
A renunciation under this section must be in writing; such renuncia-
tion may be without consideration or as an accord and satisfaction.
There is no such inconsistency between this section and section 138 as to
restrict the scope and operation of the former. Purpose of the negotiable
instruments law. Whitcomb v. Natl. Exch. Bk., 123 Md. 613. And see
Jamesson v. Citizens Bank, 130 Md. 87.
CHAPTER XVII—Promissory Notes and Checks.
204.
As to the effect of a postdated check, see Am. Agri. Chem. Co. v. Scrim-
ger, 130 Md. 393.


 
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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 55   View pdf image (33K)
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