INSTRUMENT, assignment, of right to sue on non-negotiable, 37 person entitled to delivery up of, on payment, 37,122 negotiable till payment or satisfaction, 103 chargeable with stamp duty, what, 208 only one to be on same stamp, 209 must be stamped at or before execution if executed in British when and by whom to be stamped if executed out of British where expressed in certain currencies, rates for ascertaining rates in other cases, 210 presumption as to stamp, when rate of exchange stated in, 210 penalty for executing unstamped or insufficiently stamped, 212 INTEREST, nor-General-Stamp. when acceptance of, in advance by creditor operates as a giving when rate specified from what date it runs, 121 no rate, from what date it runs, 122 indorser from what date liable for, 122 stamp not affected by mention of, in instrument, 210 INTERNATIONAL LAW, liability of drawer, maker, acceptor or indorser of foreign instru- dishonor, what is, determined by law of place of payment, 194 instrument made out of British India, but in accordance with foreign law, presumption as to, 195 INVALID TITLE, payment to holder having, effect of, 5,37 ISSUED, equivalent to negotiated, 40 JOINT AND SEVERAL. See Promissory Note. KNOWLEDGE, when equivalent to notice, 36 when not, 155 LAWS LOCAL EXTENT ACT (XV of 1874.) reference to in text, 196 LEGAL REPRESENTATIVE, what persons included in, 67 personal liability of, signing instrument, 67 LIMITATION ACT (XV of 1877.) references to in text, 19,51,75 debt barred by, is consideration, 32 suits instituted after period prescribed by, shall be dismissed, 220 modes of saving, 220 periods from which time runs, 220-322 LOCAL EXTENT, of Act, 1 LOST INSTRUMENT, holder of, 29 title of finder, 30 payment of, 123 duly stamped, presumption that, 176 suit on, 224 See Indemnity. LUNACY, effect of, on contract, 55 difference from English law, 55 MAJORITY ACT (1X of 1875). what is age of, under, 56 MAKER, of promissory note, defined, 15 contrasted with drawer of bill of exchange, 21 of bill of exchange or cheque, called drawer, 26 presentment to for sight, 107 estoppels which bind, 181 See Notice of Dishonor-Presentment-Promissory Note. MARRIED WOMAN, her power of contracting, 54 may be agent, 61 MARRIED WOMEN'S PROPERTY ACT (III of 1874). See Preface. reference to in text, 54 MATURITY, defined, 49 how calculated, 50,51 when day of a public holiday, 51 See Grace, Days of MEASURE OF DAMAGES. See Compensation. MINOR, cannot bind himself by negotiable instrument, 53 may negotiate instrument and bind other parties, 53 MISSPELLING, of name of payee drawee or indorsee not material, 16,20 instrument obtained by, invalid, 34,48 MISTAKE, alteration of instrument to correct, 136 MONEY, negotiable instrument must be payable in, 11,16,20 MONTH, how calculated and reckoned, 51 NEGLIGENCE, in taking bill, insufficient to deprive of rights of holder in due in making payment, 36 by banker in dealing with bill presented for payment, 120 declaration of acceptance for honor, to be recorded in, 170 NOTARIAL SEAL, Courts take judicial notice of, 9 no provision in Act for use of, 9,10,162 NOTARY PUBLIC, described and defined, 8,9 Governor-General may appoint persons to perform functions of, 8 English Statutes relating to, 9 duties of, in general, 9 may give notice of protest, 163 duties as to acceptance and payment for honor, 169,172 See Acceptance for Honor-Payment for Honor-Protest. NOTE, See Promissory note-Noting. NOTICE, of defect in title to negotiable instrument what amounts to, 31 agent's authority, revocation of, 65 See Agent-Authority. NOTICE OF DISHONOR, necessary to charge drawer, 67,145 indorser, 73 by and to whom should be given, 143,145 NOTICE OF DISHONOR-Continued. reasons why required, 143 necessary in case of accommodation instruments, 144 not excused because drawee had no effects of drawer, 146 rules as to, affecting hundis, 146-148 Mahomedan law does not require, 147 may be oral or written, 148 may be given to clerk, 148 wife, 148 agent, 148 legal representative, 149 assignee, 149 what it must contain, 148-150 mode of giving notice, 148-152 transmission of by post, when written, 149 time allowed agent to inform principal of, 152 branch banks considered as agents for purpose of giving, 153 must be given within reasonable time, 150,166-168 See Dishonor-Protest. NOTICE OF PROTEST, different town, 167 must be given instead of notice of dishonor when protest re- quired by law, 162 may be given by notary public, 162 NOTICE OF QUALIFIED ACCEPTANCE, must be given to all previous parties, 128,129 |