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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Consideration in negotiable instruments: holder for value can recover from transferor and prior parties despite initial lack of consideration.</h1> A negotiable instrument made, drawn, accepted, indorsed, or transferred without consideration, or for a consideration which fails, creates no obligation of payment between the parties, but a holder for consideration and subsequent holders may recover from the transferor for consideration or any prior party; exceptions bar recovery by an accommodation party and limit recovery to the value actually paid by a party who induced the instrument but failed to pay consideration in full.

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