 | 1911 - 536 pages
...the bill to a holder In due course that holder obtains a good and complete title to the bill, and (6) If he obtains payment of the bill the person who pays...in due course gets a valid discharge for the bill. SEC. 35. (1) An indorsement is restrictive which prohibits the further negotiation of the bill or which... | |
 | William Arthur Chase - 1911 - 542 pages
...for acceptance must be made: 1. Where the bill is payable after sight, or in any other cas« where presentment for acceptance is necessary in order to fix the maturity of the instrument; 2. Where the bill expressly stipulates that it shall be presented for acceptance; or 3. Where the bill is drawn... | |
 | Benjamin Russell - 1921 - 644 pages
...course, that holder obtains a good and complete title to the bill; and (d) Where his title is defective if he obtains payment of the bill the person who pays...in due course gets a valid discharge for the bill. 53 V., c. 33. s. 38. (E. s. 37.) Characteristic of negotiable instruments. — It is in these subsections... | |
 | Ernest Washington Chance - 1922 - 622 pages
...bill to a holder in due course, that holder obtains a good and complete title to the bill, and (6) if he obtains payment of the bill the person who pays...in due course gets a valid discharge for the bill. When presentment for acceptance is necessary. Time for presenting bill payable after sight. Rules as... | |
 | Alured Nathaniel Myddelton Wilshere, John Indermaur, Alured Myddelton Wilshere - 1922 - 742 pages
...notes (section 86, sub-section 3). (m) Section 36, sub-section 4. complete title to the bill; and (b) if he obtains payment of the bill the person who pays...in due course gets a valid discharge for the bill " (o). General Duties of the Holder.—A bill may, after acceptance, or even before acceptance, pass... | |
 | Henry Roscoe, James Sands Henderson - 1922 - 812 pages
...bill to a holder in due course, that holder obtains a good and complete title to the bill ; and " (b.) if he obtains payment of the bill the person who pays...in due course gets a valid discharge for the bill." Sect. 53. " (1.) A bill, of itself, does not operate as an assignment of funds in the hands of the... | |
 | James William Gilbart - 1922 - 468 pages
...on the subject, it is an authoritative exposition of what bankers consider to be the usual custom. Where a bill is payable after sight, presentment for...acceptance is necessary in order to fix the maturity of the bill, and the date of the acceptance should in all cases be added. When the bill expressly states that... | |
 | 1923 - 992 pages
...liable, it is not necessary to protest it or that notice of dishonor should be given to him. When a draft is payable after sight, presentment for acceptance...necessary in order to fix the maturity of the instrument. When a bill payable after sight is negotiated, the holder must either present it for acceptance or... | |
 | James Hinton Pou - 1922 - 1032 pages
...sentment for acceptance must be made (1) where the bill is payable after sight, or in any other case where presentment for acceptance is necessary in order to fix the maturity of the instrument; or (2) where the bill expressly stipulates that it shall be presented for acceptance; or (3) where... | |
 | Howard Leslie Smith, William Underhill Moore - 1922 - 874 pages
...for acceptance must be made : 1. Where the bill is payable after sight, or in any other case, where presentment for acceptance is necessary in order to fix the maturity of the instrument ; or 2. Where the bill expressly stipulates that it shall be presented for acceptance; or • 3. Where... | |
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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. 
