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PROMISSORY NOTE-continued.
payable after sight, 110

by instalments, 111

must be shown before payment, 122

note or protest of, 158-161,165

foreign law as to, presumed same as that of British India, 195
unstamped or insufficiently stamped not admissible in evi-
dence, 211

penalty for post-dating, 213

stamp on, 214-216

See Estoppel-Notice of Dishonor-Presentment—Presumptions.

PROPERTY (in instrument,)

indorsement, supposes intention to pass, 41

delivery to be effectual, must be with intention to pass, 89

PROPOSAL,

performing condition, is acceptance of, 201

how revoked, 201

PROSECUTION,

under Stamp Act, 213

PROTEST,

defined, 158,161

of inland bill not generally necessary, 160
when necessary, 160

for better security, 159,160

advantages of, 160

within what time to be made, 161

requisites and contents of, 161
place to, 161,163

notice of, takes place of notice of dishonor, 162
always necessary on foreign bill, 164

in case of acceptance for honor, 169

drawee in case of need may pay without, 173
expenses of, included in compensation, 175
stamp on,
214

form of, for non-acceptance or non-payment, 239
better security, 240

PUBLIC HOLIDAY. See Holidays.

QUALIFIED,

indorsement, 91,94,95

acceptance, what is, 129

effect of taking, 128,130,141

REASONABLE TIME,

for presentment for acceptance, 105,106

instrument payable on demand must be presented for payment
within, 115

RECEIPT,

circumstances to be considered in determining what is, 115,116,
166,167

consequence of holder of cheque failing to present within, 126
for giving or transmitting notice of dishonor, 148,152,167,168
for noting, 158,166

for protesting, 161

public holidays to be excluded in determining what is, 166
presumption, bill of exchange was accepted within, 176,178

RE-DRAFT,

defined, 208

obligation in certain cases to give stamped receipt, 212
indorsed on duly stamped instrument need not be stamped, 215

who may draw, 175

effect of, 175

RE-EXCHANGE,

of promissory note for sight, 107
of cheque, 114,115,166

when and how the right to, arises, 175

REGISTRATION,

REGISTER NOTARIAL,

declaration of acceptance for honor, must be entered in, 169,170

of notes or bills, 19

RE-ISSUE,

REGISTRATION ACTS (XVI of 1864; XX of 1866; VIII of 1871;

III of 1877).

reference to in text, 19

of bill by drawer, 103
acceptor's right to, 103

RELEASE,

RENEWAL,

of maker, acceptor or indorser, 124

of surety, by giving time to principal debtor, 81,85, 205

See Promisee-Surety.

of spoiled stamps, 136

REPEAL,

of enactments, 8,196

RESIDENCE,

meaning of word, for purpose of constituting inland bill, 37

presentment at, 107,113

where no known fixed, 113
See Presentment.

RESIDUE,

indorsement for, 97

RESTRICTIVE,

indorsement, 91,93

"RETRAITE." See Re-Draft.

RETRANSFER,

of instrument to prior party extinguishes right of action, 96,140
REVOCATION,

of acceptance before delivery, 87,88
authority by death, 26,65
insolvency, 65
notice, 65

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STAMP ACT (XVIII of 1869.)
references to in text, 7,13

STAMP ACT (I of 1879.)

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definition of written and writing, 12
'allonge' does not require stamp, 42

presumption, when instrument lost, 176
what instruments chargeable with duty, 208
duties how to be paid, 208

adhesive stamps when may be used, 209,219

impressed stamps 209,218

one instrument only to be on same stamp, 209

Indian instruments to be stamped before or at time of execu-
tion, 210

bills, notes and cheques drawn out of India, 210

conversion of amount expressed in certain currencies, 210
foreign currency, 210

when instrument contains statement of exchange, 210

reserves interest, 210

facts affecting duty to be truly set forth, 211

instruments not duly stamped inadmissible in evidence, 211
when payee may stamp, 211

allowance for spoiled stamps, 212

penalty for executing, &c., instruments not duly stamped, 212

failure to cancel adhesive stamps, 213

not setting forth facts truly, 213

not drawing full number of set of bills, 213
post-dating bills or notes, 213

other devices to defraud, 213

prosecutions under, by whom may be instituted, 213
amount of stamps on different instruments, 214-216
receipt and indorsement require no stamp, 215
rules of Governor-General under, 217-219

STATUTES (cited or set out)

9 & 10 Will III, c. 17, 10,158,160,196

3 & 4 Anne, c. 9, 12,160,196

41 George III c. 79, 9

1 & 2 Geo. IV c. 78, 111,113,131

6 Geo. IV c. 87, 9

2 & 3 Will. IV c. 98, 163

3 & 4 Will. IV c. 70, 9

17 & 18 Vict. c. 125, 123
18 & 19 Vict. c. 42, 9
19 & 20 Vict. c. 20, 28

STATUTES-Continued.

25 & 26 Vict. c. 89, 57
33 & 34 Vict. c. 93, 54
34 Vict. c. 17, 52

34 & 35 Vict. c. 74, 48

37 & 38 Vict. c. 51, 54

39 & 40 Vict. c. 81 (Crossed Cheques Act 1876), 8,139,182,187
41 Vict. c. 13, 27

45 & 46 Vict. c. 61 (Bills of Exchange Act 1882), Appendix B

STOLEN BILL OR NOTE,

who is holder of, 29,178

payment of, effect of, 36

inchoate instrument, liability on, 47

burden of proof in suit on, 178

STRIKING OUT INDORSEMENT.

See Indorsement-Signature.

SUB-AGENT,

agent generally cannot delegate authority to, 65

SUCCESSION ACT (X of 1865.)

references to in text, 54,67

SUMMARY SUIT,

on negotiable instruments, 226–228

SUMMONS,

form of, in summary suit, 238

SUM PAYABLE,

certainty required as to, 15,20

when discrepancy between words and figures, 43

on blank acceptances, 44

as compensation, 174-176

SUNDAY,

See Holiday.

SURETY,

who is on bill, 75,79

his rights on paying, 77

his rights to securities, 78

liability between each other, 79

holder by contract with acceptor, may reserve his rights
against, 80

acceptance of interest in advance by creditor, generally dis-
charges, 81

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