Negotiable instrument made, etc., without consideration
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....ade, etc., without consideration. 43. A negotiable instrument made, drawn, accepted, indorsed, or transferred without consideration, or for a consideration which fails, creates no obligation of pay....
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....otiable instrument has been made, drawn, accepted or indorsed can, if he has paid the amount thereof, recover thereon such amount from any person who became a party to such instrument for his accommod....
TaxTMI