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 v
... received . This year the Bill was again introduced without alteration , and then referred to a strong Select Committee of 19 mem- bers . Sir FARRER HERSCHELL was elected chairman , and the committee included , among others , Sir J ...
... received . This year the Bill was again introduced without alteration , and then referred to a strong Select Committee of 19 mem- bers . Sir FARRER HERSCHELL was elected chairman , and the committee included , among others , Sir J ...
Page 14
... receive payment of the bill , and to enforce it against any other party thereto . 23. No person is liable as drawer , indorser , or acceptor of a bill who has not signed it as such : Provided that ( 1. ) Where a person signs a bill in a ...
... receive payment of the bill , and to enforce it against any other party thereto . 23. No person is liable as drawer , indorser , or acceptor of a bill who has not signed it as such : Provided that ( 1. ) Where a person signs a bill in a ...
Page 17
... receiving value therefor , and for the purpose of lending his name to some other person . ( 2. ) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether , when such holder took the bill , he ...
... receiving value therefor , and for the purpose of lending his name to some other person . ( 2. ) An accommodation party is liable on the bill to a holder for value ; and it is immaterial whether , when such holder took the bill , he ...
Page 21
... received payment without the condition being fulfilled , he would hold the money in trust for the indorser . The following indorsement would be conditional : - " Pay C , or order , on " the arrival of the ship Swallow at Calcutta ...
... received payment without the condition being fulfilled , he would hold the money in trust for the indorser . The following indorsement would be conditional : - " Pay C , or order , on " the arrival of the ship Swallow at Calcutta ...
Page 22
... receive payment of the bill and to sue any party thereto that his indorser could have sued , but gives him no power to transfer his rights as indorsee unless it expressly authorise him to do so . ( 3. ) Where a restrictive indorsement ...
... receive payment of the bill and to sue any party thereto that his indorser could have sued , but gives him no power to transfer his rights as indorsee unless it expressly authorise him to do so . ( 3. ) Where a restrictive indorsement ...
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.