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" 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 79
by Eric R. Watson - 1902 - 142 pages
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The Bills of Exchange Act, 1882 (45 & 46 Vict., C. 61): An Act to Codify the ...

Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 88 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...
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Commentary on the Bills of Exchange Act, 1882 (45 & 46 Victoria, Cap. 61)

W. D. Thorburn - Bills of exchange - 1882 - 283 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...
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Journal of the Institute of Bankers, Volume 3

Institute of Bankers (Great Britain) - Banks and banking - 1882
...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...
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The Negotiable Instruments Act (Act XXVI of 1881): Being an Act to Define ...

India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 314 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...
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Statutes at Large ...

Great Britain - 1882
...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...
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The Bankers' Magazine, and Journal of the Money Market, Volume 43

Banks and banking - 1883
...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...
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Sammlung der seit dem Jahre 1871 in Aegypten, Belgien, Dänemark ...

Borchardt - Banking law - 1883 - 373 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...
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A Handy Book on the Law of Bills, Cheques, Notes and IOU's

James Walter Smith - Catalogs, Publishers' - 1884 - 156 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...
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The Law of Estoppel

Lancelot Feilding Everest, Edmund Strode - Electronic books - 1884 - 499 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...
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The Student's Statutes: Being the Principal Provisions of Some ..., Volume 424

John Frederick Haynes - English law - 1884 - 706 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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