The negotiable instrument law of Wisconsin; passed at the session of 1899

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 Excerpt: ...warrants to all oudtTuuflc' subsequent holders in due course: Uon 1. The matters and things mentioned in subdivisions one, two and three of the next preceding section; and, 2. That that the instrument is at the time of his indorsement valid and subsisting. And in addition, he engages that on due presentment, it shall be accepted or paid, or both, as the case may be, according to its tenor, and that if it is dishonored, and the necessary proceedings on dishonor be duty taken, he will pay the amount thereof to the holder, or to any subsequent indorser who may be compelled to pay it. Note--One who has indorsed a note in blank, without qualification expressed in the writing, cannot show by parol, as against the person to whom he delivered it, a contemporaneous agreement between them that he should not be liable as indorser, where no mistake or fraud in procuring the indorsement is alleged. Charles v. Denis, 42 Wis., 56. Section 1677-7. When a person places his Indorsement indorsement on an instrument negotiable by de-ntrotiablaby livery he incurs all the liabilities of an indorser. de"Tery Note--See note to section 167-3. 1677-3. Section 1677-8. As respects one another, in-Indorsers dorsers are liable prima facie in the order in oHndor'se" which they indorse; but evidence is admissible ment to show that as between or among themselves they have agreed otherwise. Joint payees or joint indorsees who indorse are deemed to indorse jointly and severally. Note--A made and delivered to B a promissory note to the order of B, indorsed in blank by C for goods sold by B to A on the credit of C's indorsement, pursuant to a prior agreement by C. Held, that C was liable, as a prior indorser, to B; this being the intention of the parties and B being the real creditor...