Volume 391, Page 36 View pdf image (33K) |
36 BILLS OF EXCHANGE AND PROMISSORY NOTES. [ART. 13
2. If the instrument is payable to the order of the maker or
8. If he signs for the accommodation of the payee, he is liable
84. Every person negotiating an instrument by delivery or by
1. That the instrument is genuine and in all respects what it 2. That he has a good title to it; 3. That all prior parties had capacity to contract;
4. That he has no knowledge of any fact which would impair
But when the negotiation is by delivery only, the warranty
The provisions of sub division three of this section do not
85. Every indorser who indorses without qualification, war-
1. The matters and things mentioned in sub-divisions one, two
2. That the instrument is at the time of his indorsement valid
And, in addition, he engages that, on due presentment, it shall
86. Where a person places his indorsement on an instrument
87. As respects one another, indorsers are liable prima facie |
||||
Volume 391, Page 36 View pdf image (33K) |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.