Public Acts of the Legislature of the State of Michigan

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F. DeKleine Company, 1905
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Inhalt

Act providing for members of certain alumni associations to vote by mail
116
Act preventing importation of dangerous insects and contagious diseases
123
Act establishing a board of accountancy 130132
130
Amending act relative to voluntary dissolution of corporations 136137
136
Amending act relative to protection of coal miners and inspection of coal
142
Amending act providing for the formation of street railways 148149
148
Amending act providing for incorporation of cities of fourth class
154
Amending act relative to incorporation of manufacturing and mercantile
161
Providing for payment of bounty for killing of English sparrows
167
Act defining and protecting fishing rights in Saginaw bay bordering
170
Amending act relative to incorporation of railroad companies with refer
176
Amending act relative to formation of street railway companies eminent
183
Act providing for spearing in Pine lake and Round lake Charlevoix county
189
Act protecting fish in Kalamazoo river in Marshall and Marengo townships
198
Act regulating the issue of warehouse certificates 206208
206
Amending act relative to powers and duties of townships and election
214
Act authorizing townships to acquire real estate for free public park
220
Act providing for the inspection by Attorney General of books papers
222
Amending act relative to incorporation of associations not for pecuniary
228
Appropriation for Upper Peninsula Experiment Station
234
Amending act relative to fans or blowers in workshops where emery wheels
240
Amending act relative to circuit court stenographers 25th circuit
246
Act permitting fishing through ice in Lapeer county
266
Appropriation for State Asylum 272273
272
Amending act authorizing formation of partnership associations
278
Amending act relative to establishment improvement etc of highways
285

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Seite 396 - Every holder is deemed prima facie to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as holder in due course.
Seite 392 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Seite 393 - An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Seite 396 - In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.
Seite 396 - Where the transferee receives notice of any infirmity in the instrument or defect in the title of the person negotiating the same before he has paid the full amount agreed to be paid therefor, he will be deemed a holder in due course only to the extent of the amount theretofore paid by him.
Seite 423 - This entire policy shall be void if the insured has concealed or misrepresented, in writing or otherwise, any material fact or circumstance concerning this insurance or the subject thereof...
Seite 403 - By a valid tender of payment made by a prior party. 5. By a release of the principal debtor, unless the holder's right of recourse against the party secondarily liable is expressly reserved. 6. By any agreement binding upon the holder to extend the time of payment or to postpone the holder's right to enforce the instrument, unless made with the assent of the party secondarily liable, or unless the right of recourse against such party is expressly reserved.
Seite 397 - The acceptor by accepting the instrument engages that he will pay it according to the tenor of his acceptance ; and admits — 1. The existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the instrument; and 2. The existence of the payee and his then capacity to indorse.
Seite 408 - Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence. When the cause of delay ceases to operate, presentment must be made with reasonable diligence.
Seite 405 - The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer. The acceptance must be in writing and signed by the drawee. It must not express that the drawee will perform his promise by any other means than the payment of money.

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