 | Wisconsin. Legislature. Legislative Council. Commercial Code Committee - 1961 - 308 σελίδες
...the first sentence of Wis.Stat. § 116.09(4), this section reverses the rule that a provision giving the holder an election to require something to be done in lieu of payment of money will not affect negotiability. This rule has been important only in connection with securities which... | |
 | United States. Congress. House. Committee on the District of Columbia - 1964 - 1598 σελίδες
...confession of judgment on the instrument if it is not paid when due; or (e) a term purporting to waive the benefit of any law intended for the advantage or protection of any obligor; or (f) a term in a draft providing that the payee by indorsing or cashing it acknowledges... | |
 | 1923 - 920 σελίδες
...character of an instrument otherwise negotiable is not affected by a provision 6d Cal. App. — 1 which "gives the holder an election to require something to be done in lieu of payment of money." So long as the maker's promise to pay is unconditional and absolute it makes no difference that the... | |
 | Pennsylvania Bar Association - 1899 - 410 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. SEC. 6. The validity and negotiable character of an instrument are not affected by the fact that :... | |
 | New York State Bar Association - 1898 - 404 σελίδες
...a provision which authorizes a confession of judgment if the instrument be not paid at maturity, or waives the benefit of any law intended for the advantage or protection of the obligor. These provisions seem to have been borrowed from the so-called judgment notes which are in use in some... | |
 | Peter W. Heermann - 1998 - 396 σελίδες
...power to the holder to confess judgment or realize on or dispose of collateral, or (iii) a waiver of the benefit of any law intended for the advantage or protection of an obligor. Zur Vertiefung siehe Hawkland/Lawrence Vol.4 § 3-301:06; White/Summers Vol.2 § 174(154-160).... | |
 | David A. Schmudde - 2004 - 420 σελίδες
...power to the holder to confess judgment or realize on or dispose of collateral; or (3) A waiver of the benefit of any law intended for the advantage or protection of an obligor. Uniform Commercial Code §3-106(a) further states that negotiability will not be impaired... | |
 | 1916 - 814 σελίδες
...of the Negotiable Instruments Law provides that: "Negotiability is not affected by a provision which waives the benefit of any law intended for the advantage or protection of the obligor." It is certain, therefore, that the waiver of homestead and exemption rights does not destroy the negotiability... | |
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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... 
