The Bills of Exchange Act, 1882 (45 & 46 Vict., C. 61): An Act to Codify the Law Relating to Bills of Exchange, Cheques, and Promissory Notes : with Explanatory Notes and IndexWaterlow, 1882 - 88 pages |
From inside the book
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Page 4
... amount , or ( b ) a statement of the transaction which gives rise to the bill , is unconditional . ( 4. ) A bill is not invalid by reason ( a . ) That it is not dated ; - ( b . ) That it does not specify the value given , or that any ...
... amount , or ( b ) a statement of the transaction which gives rise to the bill , is unconditional . ( 4. ) A bill is not invalid by reason ( a . ) That it is not dated ; - ( b . ) That it does not specify the value given , or that any ...
Page 7
... amount payable . 3. ) Where a bill is expressed to be payable with rest , unless the instrument otherwise provides , ́est runs from the date of the bill , and if the bill idated from the issue thereof . ) . ( 1. ) A bill is payable on ...
... amount payable . 3. ) Where a bill is expressed to be payable with rest , unless the instrument otherwise provides , ́est runs from the date of the bill , and if the bill idated from the issue thereof . ) . ( 1. ) A bill is payable on ...
Page 11
... partial , that is to say , an acceptance to pay part only of the amount for which the bill is drawn : Time for acceptance . General and qualified acceptances . Inchoate instruments . ( c . ) local , that Form and Interpretation . II.
... partial , that is to say , an acceptance to pay part only of the amount for which the bill is drawn : Time for acceptance . General and qualified acceptances . Inchoate instruments . ( c . ) local , that Form and Interpretation . II.
Page 12
... amount the stamp will cover , using the signature for that of the drawer , or the acceptor , or an indorser ; and , in like manner , when a bill is wanting in any material particular , the person in possession of it has a primâ facie ...
... amount the stamp will cover , using the signature for that of the drawer , or the acceptor , or an indorser ; and , in like manner , when a bill is wanting in any material particular , the person in possession of it has a primâ facie ...
Page 15
... amount so paid . unauthorised signature . signatures . 25. A signature by procuration operates as notice Procuration that the agent has but a limited authority to sign , and the principal is only bound by such signature if the agent in ...
... amount so paid . unauthorised signature . signatures . 25. A signature by procuration operates as notice Procuration that the agent has but a limited authority to sign , and the principal is only bound by such signature if the agent in ...
Common terms and phrases
acceptance for honour accommodation bill adhesive stamp agent authorised authority bank note Bank of England Bank of Ireland banker bill is discharged bill is dishonoured bill is drawn bill of exchange bill or note bill payable cancelled cheque is crossed Companies Crossed Cheques day of grace deemed defined by sect delivery dishonoured by non-acceptance drawee or acceptor drawer and indorsers drawer or indorser due course duly stamped exchange or promissory excused FINSBURY foreign bill give notice given holder in due indorsement in blank INGLIS PALGRAVE inland bill instrument issue Joint-Stock Banks law merchant LONDON WALL maturity ment negotiable non-payment notary notice of dishonour overdue PARLIAMENT STREET payable on demand payee person presented for payment presentment for acceptance promissory note qualified acceptance restrictive indorsement Rules Scotland signature signed SONS LIMITED Stamp Act Stamp Duty suprà protest thereof thereto transfer United Kingdom valid Vict WATERLOW & SONS WINCHESTER STREET
Popular passages
Page 17 - That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it.
Page 3 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 26 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 59 - A negotiable promissory note within the meaning of this, act is an unconditional promise in writing made by one person to another signed by the maker engaging to pay on demand, or at a fixed or determined future time, a sum certain- in money to order, or to bearer.
Page 30 - Delay in Giving Notice — How Excused Delay in giving notice of dishonor is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence.
Page 12 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.
Page 34 - Where a party has been adjudged a bankrupt or an insolvent, or has made an assignment for the benefit of creditors, notice may be given either to the party himself or to his trustee or assignee.
Page 7 - On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 51 - Where two or more parts of a set are negotiated to different holders in due course, the holder whose title first accrues is as between such holders the true owner of the bill. But nothing in this section affects the rights of a person who in due course accepts or pays the part first presented to him.
Page 15 - 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.