The Negotiable Instruments Act (Act XXVI of 1881): Being an Act to Define and Amend the Law Relating to Promissory Notes, Bills of Exchange and Cheques ...Higginbotham, 1882 - 314 pages |
From inside the book
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Page 76
... subsequent indorsee may , under certain conditions , sue not it is subsequently only his own indorser , but any prior indorser or the drawer , or found that Chr acceptor . ( See Secs . 38 , 50 , 51 ) His Lordship also quoted monsmusof ...
... subsequent indorsee may , under certain conditions , sue not it is subsequently only his own indorser , but any prior indorser or the drawer , or found that Chr acceptor . ( See Secs . 38 , 50 , 51 ) His Lordship also quoted monsmusof ...
Page 77
... subsequent holders of the bill , precisely similar to that of the drawer , but he does not come under any such obligation to prior parties to the bill.1 The drawer , acceptor and intermediate indorsers of a hundi which is dishonored are ...
... subsequent holders of the bill , precisely similar to that of the drawer , but he does not come under any such obligation to prior parties to the bill.1 The drawer , acceptor and intermediate indorsers of a hundi which is dishonored are ...
Page 79
... subsequent party . ILLUSTRATION . A draws a bill payable to his own order on B , who accepts . A afterwards indorses the bill to C , C to D , and D to E. As between E and B , B is the principal debtor , and A , C and D are his sureties ...
... subsequent party . ILLUSTRATION . A draws a bill payable to his own order on B , who accepts . A afterwards indorses the bill to C , C to D , and D to E. As between E and B , B is the principal debtor , and A , C and D are his sureties ...
Page 82
... subsequent indorser's right of indemnity is impaired , a holder who does so intention- ally , shall lose his remedy against such subsequent indorser . It is laid down : - " In an action against an indorser , the plaintiff has no right ...
... subsequent indorser's right of indemnity is impaired , a holder who does so intention- ally , shall lose his remedy against such subsequent indorser . It is laid down : - " In an action against an indorser , the plaintiff has no right ...
Page 84
... subsequent holder deriving title from him , may re- cover the amount due on such instrument from the transferor for consideration or any prior party thereto . Exception I. - No party for whose accommodation a negotiable instrument has ...
... subsequent holder deriving title from him , may re- cover the amount due on such instrument from the transferor for consideration or any prior party thereto . Exception I. - No party for whose accommodation a negotiable instrument has ...
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Other editions - View all
The Negotiable Instruments Act (act Xxvi Of 1881): Being An Act To Define ... India,Patrick Dunlop Shaw No preview available - 2019 |
The Negotiable Instruments Act (act Xxvi Of 1881): Being An Act To Define ... India,Patrick Dunlop Shaw No preview available - 2019 |
The Negotiable Instruments Act (act Xxvi Of 1881): Being An Act To Define ... India,Patrick Dunlop Shaw No preview available - 2022 |
Common terms and phrases
acceptance for honor accepted or indorsed accommodation bill agent alteration amount authority Bank Banker Beng bill of exchange bill or note bill payable Bing British India Byles on Bills cheque crossed Chunder clause Company Contract Act Court Credit Foncier custom day of 18 deemed default defendant delivery discharged drawer drawn due course duly duty England English law entitled Exch exchange or cheque express foreign bill give notice held holder in due hundi instru L. J. Ex law merchant Lord maker maturity ment negotiable instrument non-payment Notary Public note or bill notice of dishonor overdue paid parties thereto payable on demand payee person plaintiff presented for acceptance presented for payment principal debtor prior party promise to pay promissory note protest reasonable received recover rule rupees says signature signed specified Stamp Act surety Suth thereof tion transfer Vict words
Popular passages
Page 244 - Perhaps the best definition of a bill of exchange yet conceived is that in the English Bills of Exchange Act, of 1882, which says: "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 261 - A bill must be protested at the place where it is dishonored, except that when a bill drawn payable at the place of business, or residence of some person other than the drawee, has been dishonored by non-acceptance, it must be protested for non-payment at the place where it is expressed to be payable, and no further presentment for payment to, or demand on, the drawee is necessary.
Page 255 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 254 - Where the bill is drawn payable elsewhere than at the residence or place of business of the drawee. In no other case is presentment for acceptance necessary in order to render any party to the bill liable.
Page 266 - Where a bill of exchange has been protested for dishonor by nonacceptance, or protested for better security, and is not overdue, any person not being a party already liable thereon may, with the consent of the holder, intervene, and accept the bill supra protest for the honor of any party liable thereon, or for the honor of the person for whose account the bill is drawn.
Page 265 - A cancellation made unintentionally, or under a mistake, or without the authority of the holder, is inoperative ; but where a bill or any signature thereon appears to have been cancelled, the burden of proof lies on the party who alleges that the cancellation was made unintentionally, or under a mistake, or without authority.
Page 259 - Where the person giving and the person to receive notice reside in different places, the notice must be given within the following times : 1. If...
Page 250 - ... signature is wholly inoperative, and no right to retain the bill or to give a discharge therefor or to enforce payment thereof against any party thereto can be acquired through or under that signature, unless the party against whom it is sought to retain or enforce payment of the bill is precluded from setting up the forgery or want of authority : Provided that nothing in this section shall affect the ratification of an unauthorized signature not amounting to a forgery. 30. A signature by procuration...
Page 257 - ... partners, and no place of payment is specified, presentment for payment may be made to any one of them, even though there has been a dissolution of the firm.
Page 272 - Where a person takes a crossed cheque which bears on it the words " not negotiable," he shall not have and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had.