Commercial Law |
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Common terms and phrases
acceptance acceptor accommodation bill act of bankruptcy action administrator agent agreement amount appointed arbitrator assent assigned authority award bailee bailment banker bankrupt bill of exchange bill of lading binding breach buyer called carrier charge cheque choses in action claim classes common carriers consideration court creditors custom damages debt debtor deed discharge dishonour dividends documents drawee drawer effect enforced executor firm fraud give given guarantee holder indorsement infant instrument insurable interest issued landlord lease liable lien loss matter memorandum mortgage negotiable negotiable instrument notice owner paid partner partnership payable payee payment person pledge principal profits promissory note registered rule sect seller shares ship signature simple contract stamp Stamp Act Statute Statute of Frauds surety tenant third party trade transfer trustee unless void voidable warranty winding-up writing
Popular passages
Page 189 - A cheque is a Bill of Exchange drawn on a banker payable on demand. Promissory Note. — A Promissory Note 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 determinable future time, a sum certain in money...
Page 162 - 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 45 - Where a negotiable instrument is materially altered without the assent of all parties liable thereon, it is avoided, except as against a party who has himself made, authorized or assented to the alteration, and subsequent indorsers.
Page 58 - The provisions of this section apply to every such contract, notwithstanding that the goods may be intended to be delivered at some future time, or may not at the time of such contract be actually made, procured, or provided, or fit or ready for delivery, or some act may be requisite for the making or completing thereof, or rendering the same fit for delivery.
Page 119 - ... any of the shares in the company, dividends may be declared and paid according to the amounts of the shares. No amount paid on a share in advance of calls shall, while carrying interest, be treated for the purposes of this article as paid on the share.
Page 120 - The directors may. before recommending any dividend, set aside out of the profits of the...
Page 101 - Where a partnership contract is rescinded on the ground of the fraud or misrepresentation of one of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled (a) to a lien on, or right of retention of, the surplus of the partnership...
Page 58 - That no contract for the sale of any goods, wares and merchandise, for the price of ten pounds sterling or upwards shall be allowed to be good, except the buyer shall accept part of the goods so sold, and actually receive the same...
Page 277 - When the acceptor of a bill drawn in a set pays it without requiring the part bearing his acceptance to be delivered up to him, and that part at maturity is outstanding in the hands of a holder in due course, he is liable to the holder thereon.
Page 52 - Act, the unpaid seller's right of lien or retention or stoppage in transitu is not affected by any sale, or other disposition of the goods which the buyer may have made, unless the seller has assented thereto. Provided that where a document of title to goods has been lawfully transferred to any person as buyer or owner of the goods, and that person transfers the document to a person who takes the document in good faith and for valuable consideration, then, if such last-mentioned transfer was by...