The Bills of Exchange Act, 1882 (45 & 46 Vict., C. 61): An Act to Codify the Law Relating to Bills of Exchange, Cheques, and Promissory Notes : with Explanatory Notes and Index |
From inside the book
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Page iii
... rule as to the operation of a bill as an assignment of funds . The Scotch attach great im- portance to this rule , but the English merchants and bankers were not prepared to accept it for England , although its adoption was recommended ...
... rule as to the operation of a bill as an assignment of funds . The Scotch attach great im- portance to this rule , but the English merchants and bankers were not prepared to accept it for England , although its adoption was recommended ...
Page vi
... rules not always recognized in practice , are , it is believed , the following , namely : -Sect . 4 ( 2 ) . ( 2 ) . Sect . 8 ( 1 ) and ( 3 ) . Sect . 12. Sect 14 ( 1 ) . Sect . 7 Sect . 15 . Sect . 18 ( 3 ) . Sect . 18 ( 3 ) . Sect . 33 ...
... rules not always recognized in practice , are , it is believed , the following , namely : -Sect . 4 ( 2 ) . ( 2 ) . Sect . 8 ( 1 ) and ( 3 ) . Sect . 12. Sect 14 ( 1 ) . Sect . 7 Sect . 15 . Sect . 18 ( 3 ) . Sect . 18 ( 3 ) . Sect . 33 ...
Page ix
... Rules as to presentment for acceptance , and excuses for non - presentment . 42. Non - acceptance . 43. Dishonour by non - acceptance and its consequences . 44. Duties as to qualified acceptances . 45. Rules as to presentment for ...
... Rules as to presentment for acceptance , and excuses for non - presentment . 42. Non - acceptance . 43. Dishonour by non - acceptance and its consequences . 44. Duties as to qualified acceptances . 45. Rules as to presentment for ...
Page x
... Rules as to sets . Conflict of Laws . 72. Rules where laws conflict . PART III . CHEQUES ON A BANKER . 73. Cheque defined . 74. Presentment of cheque for payment . 75. Revocation of banker's authority . Crossed Cheques . 76. General and ...
... Rules as to sets . Conflict of Laws . 72. Rules where laws conflict . PART III . CHEQUES ON A BANKER . 73. Cheque defined . 74. Presentment of cheque for payment . 75. Revocation of banker's authority . Crossed Cheques . 76. General and ...
Page 6
... rule , and a bill made payable to John Smith is now in legal effect payable to John Smith or order . If it be desired to make a bill not transferable , it should be drawn in the form " pay John Smith only . " As to when a bill ...
... rule , and a bill made payable to John Smith is now in legal effect payable to John Smith or order . If it be desired to make a bill not transferable , it should be drawn in the form " pay John Smith only . " As to when a bill ...
Common terms and phrases
acceptance for honour accommodation bill adhesive stamp agent authorised authority bank note Bank of England Bank of Ireland banker bill is discharged bill is dishonoured bill is drawn bill of exchange bill or note bill payable cancelled cheque is crossed Companies Crossed Cheques day of grace deemed defined by sect delivery dishonoured by non-acceptance drawee or acceptor drawer and indorsers drawer or indorser due course duly stamped exchange or promissory excused FINSBURY foreign bill give notice given holder in due indorsement in blank INGLIS PALGRAVE inland bill instrument issue Joint-Stock Banks law merchant LONDON WALL maturity ment negotiable non-payment notary notice of dishonour overdue PARLIAMENT STREET payable on demand payee person presented for payment presentment for acceptance promissory note qualified acceptance restrictive indorsement Rules Scotland signature signed SONS LIMITED Stamp Act Stamp Duty suprà protest thereof thereto transfer United Kingdom valid Vict WATERLOW & SONS WINCHESTER STREET
Popular passages
Page 17 - That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it.
Page 3 - 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 26 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 59 - A negotiable promissory note within the meaning of this, act is an unconditional promise in writing made by one person to another signed by the maker engaging to pay on demand, or at a fixed or determined future time, a sum certain- in money to order, or to bearer.
Page 30 - Delay in Giving Notice — How Excused Delay in giving notice of dishonor is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence.
Page 12 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.
Page 34 - Where a party has been adjudged a bankrupt or an insolvent, or has made an assignment for the benefit of creditors, notice may be given either to the party himself or to his trustee or assignee.
Page 7 - On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 51 - Where two or more parts of a set are negotiated to different holders in due course, the holder whose title first accrues is as between such holders the true owner of the bill. But nothing in this section affects the rights of a person who in due course accepts or pays the part first presented to him.
Page 15 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.