The acceptor by accepting the instrument engages that he will pay it according to the tenor of his acceptance ; and admits — 1. The existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the instrument; and... Laws of the State of Wisconsin - Page 711by Wisconsin - 1899Full view - About this book
| Illinois. Supreme Court - Law reports, digests, etc - 1922 - 700 pages
...instrument under section 62 of the Negotiable Instruments law, which provides: "The acceptor by accepting the instrument engages that he will pay it according...genuineness of his signature, and his capacity and anthority to draw the instrument; and, 2. the existence of the payee and his then capacity to endorse."... | |
| Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 1878 - 366 pages
...exchange by Acceptor's the fact of acceptance conclusively admits and warrants to a bond fide holder — (1.) The existence of the drawer, the genuineness...of his signature, and his capacity and authority to draw.0 ILLUSTRATIONS. 1. A bill purporting to be drawn by A. on B. in favour of C. is accepted by B.... | |
| American Bar Association - Law - 1887 - 460 pages
...the bill is presented to the drawee. SEC. 54. That 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 denying to a holder in due course — (a) The existence of the drawer, the genuineness... | |
| Law reports, digests, etc - 1921 - 2116 pages
...the rights of the drawee or acceptor are concerned. Section 62 provides the acceptor, by accepting the instrument, engages that he will pay it according to the tenor of his acceptance and admits: "The existence of the drawer, the genuineness of his signature and his capacity and authority to draw... | |
| Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 1881 - 418 pages
...exchange by ^ef ac ^. Q £. acce pt ance conclusively admits and warrants to a bond Ji de holder — s. (1.) The existence of the drawer, the genuineness...signature, and his capacity and authority to draw. 10 ILLUSTRATIONS. 1. A bill purporting to be drawn by A. on B. in favour of C., is 3 Moryan v. f.aririere... | |
| Law - 1908 - 1082 pages
...— " The acceptor of a bill, by accepting it, is precluded from denying to a holder in due course, the existence of the drawer, the genuineness of his...signature, and his capacity and authority to draw the bill." We thus arrive at the substantial difference between the two cases. When the forgery is in the... | |
| Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...general and qualified acceptances. (2.) Is precluded from denying to a holder in due course — (#.) The existence of the drawer, the genuineness of his...signature, and his capacity and authority to draw the bill : (£.) In the case of a bill payable to drawer's order, the then capacity of the drawer to indorse,... | |
| Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...presented to the drawee. Liability of Acceptor. 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 denying to a holder in due course : (a.) The existence of the drawer, the... | |
| W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...Mor. 1465. 54. The acceptor of a bill, by accepting it — • Liability of 1 J ' ° acceptor. (1.) Engages that he will pay it according to the tenor of his acceptance (a) : (2.) Is precluded from denying to a holder in due course (6) : (a.) The existence of the drawer,... | |
| India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...time when the bill is presented to the drawer. 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 denying to a holder in due course : (a.) The existence of the drawer, the... | |
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