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" Authorizes a confession of judgment if the instrument be not paid at maturity; or 3. Waives the benefit of any law intended for the advantage or protection of the obligor; or 4. Gives the holder an election to require something to be done in lieu of payment... "
McKinney's Consolidated Laws of New York Annotated: With Annotations from ... - Σελίδα 20
των New York (State) - 1917
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Acts of the General Assembly of the State of Alabama

Alabama - 1907 - 1034 σελίδες
...maturity; or, 2. Authorizes a confession of judgment if the instrument be not paid at maturity; or, 3. Waives the benefit of any law intended for the advantage or protection of the obligator; or, 4. Gives the holder an election to require something to be done in lien of payment of...

The Negotiable Instruments Law: With Comments and Criticisms

Joseph Doddridge Brannan, James Barr Ames, Lyman Denison Brewster, Charles Louis McKeehan - 1908 - 276 σελίδες
...maturity; 4 or 3. Waives the benefit of any law intended for the advantage or protection of the obligor; 5 or 4. Gives the holder an election to require something to be done in lieu of payment of money. 4 ' But nothing in this section shall validate any provision or stipulation otherwise illegal. Sec....

The Negotiable Instruments Law with Comments and Criticisms: Reprinted from ...

Joseph Doddridge Brannan - 1908 - 276 σελίδες
...maturity ; 3 or 2. Authorizes a confession of judgment if the instrument be not paid at maturity ; * or 3. Waives the benefit of any law intended for the advantage or protection of the obligor ; 5 or 4. Gives the holder an election to require something to be done in lieu of payment of money.4...

The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - 1908 - 366 σελίδες
...(a) ; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity (&) ; or 3. Waives the benefit of any law intended for the advantage or protection of the obligor (c) ; or 4. Gives the holder an election to require something to be done in lieu of payment of money...

The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - 1908 - 276 σελίδες
...(a) ; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity (&) ; or 3. Waives the benefit of any law intended for the advantage or protection of the obligor (c) ; or 4. Gives the holder an election to require something to be done in lieu of payment of money...

Bills and notes. Guaranty and suretyship. Insurance. Bankruptcy

Albert Hutchinson Putney - 1908 - 396 σελίδες
...judgment; or) 3. Waives the benefit of any law intended for the advantage or protection of the obligor; or (3. Waives the benefit of any law intended for the advantage or protection of the obligator; or) 4. Gives the holder an election to require something to be done in lieu of payment of...

Popular Law Library, Putney...

Albert H. Putney - 1908 - 394 σελίδες
...judgment; or) 3. Waives the benefit of any law intended for the advantage or protection of the obligor; or (3. Waives the benefit of any law intended for the advantage or protection of the obligator; or) 4. Gives the holder an election to require something to be done in lieu of payment of...

The Consolidated Laws of the State of New York, 1909: Prepared Under the ...

New York (State) - 1909 - 926 σελίδες
...at maturity; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity; or 3. Waives the benefit of any law intended for the...validate any provision or stipulation otherwise illegal. Formerly L. 1897, ch. 612, § 24. § 25. Omissions; seal; particular money. The validity and negotiable...

Bills, Notes and Cheques: The Bills of Exchange Act, Revised Statutes of ...

John James MacLaren - 1909 - 658 σελίδες
...maturity; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity ; or 3. Waives the benefit of any law intended for the...validate any provision or stipulation otherwise illegal. 25. Omissions; seal; particular money. — The validity and •egotiable character of an instrument...

Journal of the Institute of Bankers, Τόμος 30

Institute of Bankers (Great Britain) - 1909 - 718 σελίδες
...point of view. (2.) New York Law, Sec. 24 (4), expressly validates instruments which " give the holders an election to require something " to be done in lieu of payment of money," eg, to take payment in money or in corporation stock at his option. This seems a lax rule, but it is...




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