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 2
... means the person in possession of a bill or note which is payable to bearer . The possessor of a bill or note payable to order is not technically the " bearer " of it . " " Bill " means bill of exchange , and " note " means promissory ...
... means the person in possession of a bill or note which is payable to bearer . The possessor of a bill or note payable to order is not technically the " bearer " of it . " " Bill " means bill of exchange , and " note " means promissory ...
Page 3
... means valuable consideration . See sect . 27 as to valuable consideration . " Written " includes printed , and " writing " includes print . PART II . BILLS OF EXCHANGE . Form and Interpretation . defined . 3. ( 1. ) A bill of exchange ...
... means valuable consideration . See sect . 27 as to valuable consideration . " Written " includes printed , and " writing " includes print . PART II . BILLS OF EXCHANGE . Form and Interpretation . defined . 3. ( 1. ) A bill of exchange ...
Page 4
... mean any part of the United Kingdom of Great Britain and Ireland , the islands of Man , Guernsey , Jersey , Alderney , and Sark , and the islands adjacent to any of them being part of the dominions of Her Majesty . This provision does ...
... mean any part of the United Kingdom of Great Britain and Ireland , the islands of Man , Guernsey , Jersey , Alderney , and Sark , and the islands adjacent to any of them being part of the dominions of Her Majesty . This provision does ...
Page 10
... means calendar month . 15. The drawer of a bill and any indorser may insert therein the name of a person to whom the holder may resort in case of need , that is to say , in case the bill is dishonoured by non - acceptance or non ...
... means calendar month . 15. The drawer of a bill and any indorser may insert therein the name of a person to whom the holder may resort in case of need , that is to say , in case the bill is dishonoured by non - acceptance or non ...
Page 11
... means than the payment of money . 18. A bill may be accepted- ( 1. ) Before it has been signed by the drawer , or . while otherwise incomplete : ( 2. ) When it is overdue , or after it has been dis- honoured by a previous refusal to ...
... means than the payment of money . 18. A bill may be accepted- ( 1. ) Before it has been signed by the drawer , or . while otherwise incomplete : ( 2. ) When it is overdue , or after it has been dis- honoured by a previous refusal to ...
Common terms and phrases
acceptance for honour accommodation bill adhesive stamp agent authorised bank note Bank of England Bank of Ireland banker bill drawn bill is discharged bill is dishonoured bill of exchange bill or note bill payable cancelled 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 honour suprà INGLIS PALGRAVE inland bill instrument issue Joint-Stock Banks LONDON WALL ment negotiable non-payment notary notice of dishonour Office overdue PARLIAMENT STREET payable on demand payee person place of payment presentment for acceptance presentment for payment promissory note qualified acceptance reasonable diligence restrictive indorsement Rules Scotland signature signed SONS LIMITED specified Stamp Act Stamp Duty suprà protest tenour 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.