 | India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...the holder shall forthwith deliver it up to the party paying it. Liabilities of Parties. 53. — (1.) A bill, of itself, does not operate as an assignment...required by this Act is not liable on the instrument. This sub-section shall not extend to Scotland. (2.) In Scotland, where the drawee of a bill has in... | |
 | W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...only bound to deliver up the bill on full payment. Liabilities of Parties. Funds in hands 53. (1.) A bill, of itself, does not operate as an assignment...required by this Act is not liable on the instrument (a). This subsection shall not extend to Scotland. (2.) In Scotland, where the drawee of a bill has... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...shall forthwith deliver it up to the party paying it. Liabilities of Parties. hands of 53.— (i.) A bill, of itself, does not operate as an assignment...does not accept as required by this Act is not liable as the instrument. This subsection shall not extend to Scotland. (2.) In Scotland where the drawee... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...LIABILITIES OF PARTIES. Funds in Hands of Drawee. 53. — (!•) A bill, of itself, does not operate as au assignment of funds in the hands of the drawee available...required by this Act is not liable on the instrument. This sub-section shall not extend to Scotland. (2.) In Scotland, where the drawee of a bill has in... | |
 | Law - 1882 - 688 pages
...56, sub-section 4, another rule of English law, that a bill shall not operate as an assignment of any funds in the hands of the drawee available for the payment thereof, and that the drawee who does not accept shall not be liable to any effect on the instrument. By the law... | |
 | Great Britain - 1882 - 574 pages
...holder shall forthwith deliver it up to the party paying it. Liabilities of Parties. 53. — (!•) A bill, of itself, does not operate as an assignment of Funds in bauds funds in the hands of the drawee available for the payment thereof, of draweeiind the drawee... | |
 | Oscar Borchardt - Banking law - 1883 - 392 pages
...the holder shall forthwith deliver it up to the party paying it. Liabilities of Parties. 53. — (1.) A bill, of itself, does not operate as an assignment of Funds ™ funds in the hands of the drawee available for the payment thereof, and the hd""afeeof drawee of... | |
 | South Australia - Law - 1884 - 330 pages
...paid the holder shall forthwith deliver it up to the party paying it. Liabilities of Parties. 53. (1.) A bill, of itself, does not operate as an assignment...instrument. 54. The acceptor of a bill, by accepting it — (1.) Engages that he will pay it according to the tenor of his acceptance : (2.) Is precluded from... | |
 | James Walter Smith - Catalogs, Publishers' - 1884 - 164 pages
...damages against parties to dishonored lill. 6. Transferor ly delivery and transferee. 1. S. 53. (1.) A bill, of itself, does not operate as an assignment...required by this Act is not liable on the instrument. This sub-section shall not extend to Scotland. (2.) In Scotland, where the drawee of a bill has in... | |
 | John Frederick Haynes - English law - 1884 - 736 pages
...acceptor. Liabilities of Parties. 53. — (1.) A bill, of itself, does not operate as an assigment of funds in the hands of the drawee available for...required by this Act is not liable on the instrument. This sub-section shall not extend to Scotland. (2.) In Scotland, where the drawee of a bill has in... | |
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A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. 
