 When a bill payable to order on demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent...  The Law Relating to Cheques - Page 79by Eric Russell Watson - 1902 - 142 pagesFull view - About this book
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...on a. banker, and the banker on whom it is ment is forged. drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent...purports to be, and the banker is deemed to have paid the bill in due course, although such indorsement has been forged or made without authority. This section... | |
 | W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...whom it is whereon indorsementis drawn pays the bill in good faith (c) and m the ordi- forged. nary course of business, it is not incumbent on the banker...under the authority of the person whose indorsement it pur8 60. ports to be, and the banker is deemed to have paid the bill in due course (d), although such... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...in good faith to a person who is appanntly entitled to present the bill for payment, it shall not be incumbent on the banker to show that the indorsement...of the person whose indorsement it purports to be, etc. Now who is apparently entitled to present a bill for payment? If a man comes to the counter of... | |
 | India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...pays the bill in demand draft good faith and in the ordinary course of business, it is not in- whereon incumbent on the banker to show that the indorsement of the payee dorsement is or any subsequent indorsement was made by or under the autho- orge ' rity of the person... | |
 | Great Britain - 1882 - 574 pages
...good di™and d.ruft faith and in the ordinary course of business, it is not incumbent on dorsemcirHs the banker to show that the indorsement of the payee or any sub- forged, sequent indorsement was made by or under the authority of the person whose indorsement... | |
 | Banks and banking - 1883 - 1322 pages
...demand is drawn on •• banker, and the banker oo whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the endorsement of the payee or any subsequent endorsement was made by or under the authority of the person... | |
 | Oscar Borchardt - Banking law - 1883 - 392 pages
...a banker, BankcrPa)'and the banker on whom it is drawn pays the bill in good faith and in ^f,^,"^. the ordinary course of business, it is not incumbent on the banker to show oa indorsethat the indorsement of the payee or any subsequent indorsement was made mem is by or under... | |
 | James Walter Smith - Catalogs, Publishers' - 1884 - 164 pages
...demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent...to be ; and the banker is deemed to have paid the bill in due course, although such indorsement has been forged or made without authority. 6. To the... | |
 | Lancelot Feilding Everest, Edmund Strode - Estoppel - 1884 - 600 pages
...demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent...to be, and the banker is" deemed to have paid the bill in due course, although such indorsement has been forged, or made without authority (/). The protection... | |
 | John Frederick Haynes - English law - 1884 - 736 pages
...demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent...purports to be, and the banker is deemed to have paid the bill in due course, although such indorsement has been forged or made without authority. 61. When the... | |
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