A Digest of the Law of Bills of Exchange, Promissory Notes, Cheques, and Negotiable Securities |
From inside the book
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Page 9
... drawer . The Act requires a bill to be signed by the drawer . The Signature of signature may be added at any time ( see sects . 18 and 20 ) ; but until it is there the instrument is inchoate and without effect . Thus A. draws a bill on ...
... drawer . The Act requires a bill to be signed by the drawer . The Signature of signature may be added at any time ( see sects . 18 and 20 ) ; but until it is there the instrument is inchoate and without effect . Thus A. draws a bill on ...
Page 10
... drawer's order was indorsed by him , though he omitted to sign it on the face , this was sufficient : Nouguier , § 199 . A bill must be payable in " money " -that is , in legal tender . Therefore , an order requiring payment " in good ...
... drawer's order was indorsed by him , though he omitted to sign it on the face , this was sufficient : Nouguier , § 199 . A bill must be payable in " money " -that is , in legal tender . Therefore , an order requiring payment " in good ...
Page 17
... drawer , is deemed to be payable to drawer's order . * ( 2 ) Where in a bill drawer and drawee are the same person , or where the drawee is a fictitious person or a person not having capacity to contract , the holder may treat the ...
... drawer , is deemed to be payable to drawer's order . * ( 2 ) Where in a bill drawer and drawee are the same person , or where the drawee is a fictitious person or a person not having capacity to contract , the holder may treat the ...
Page 18
... drawer and drawee are the same person or firm , the instrument can only be treated as a note ; that is to say , there cannot be two proofs against the same estate , because of the form of the instrument . As to fictitious payee , see ...
... drawer and drawee are the same person or firm , the instrument can only be treated as a note ; that is to say , there cannot be two proofs against the same estate , because of the form of the instrument . As to fictitious payee , see ...
Page 20
... drawer , is payable to drawer's order . " As to filling up the blank by inserting a payee's name , see sect . 20 , post , p . 49. In a Scotch case , an instrument running , " Received from C. the sum of 307. payable on demand , " and ...
... drawer , is payable to drawer's order . " As to filling up the blank by inserting a payee's name , see sect . 20 , post , p . 49. In a Scotch case , an instrument running , " Received from C. the sum of 307. payable on demand , " and ...
Common terms and phrases
acceptance for honour acceptor accepts a bill accommodation bill action agent amount authority bank holiday Bank of England banker bankruptcy Barrister-at-Law bill drawn bill of exchange bill or note bill payable Bing cheque Clydesdale Bank common law contract Court debt defined by sect delivery Demy 8vo discharged drawer or indorser drawn payable draws a bill due course English entitled Exch firm foreign bill fraud French Code German Exchange Law given held holder for value holder in due ILLUSTRATIONS indorsed in blank issued L. J. Ex law merchant liable London Lord maker maturity ment negotiable instruments note payable notice of dishonour Nouguier partner party payable on demand payable to bearer payee person plaintiff presented for payment promissory note protest recover Robarts rule signature signed Smith stamp Stamp Act statute sub-section surety thereof transfer Vict
Popular passages
Page 8 - Perhaps the best definition of a bill of exchange yet conceived is that in the English Bills of Exchange Act, of 1882, which says: "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 351 - ... unless the partner so acting has in fact no authority to act for the partnership in the particular matter, and the person with whom he is dealing has knowledge of the fact that he has no such authority.
Page 136 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 92 - In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.
Page 161 - Where the person giving and the person to receive notice reside in different places, the notice must be given within the following times : 1. If...
Page 259 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title, or a defective title, thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Page 289 - ... all actions of debt grounded upon any lending or contract, without specialty, and all actions of debt for arrearages of rent, shall be commenced and sued within six years next after the cause of such action or suit, and not after.
Page 38 - The drawer of a bill and any indorser may insert thereon the name of a person to whom the holder may resort in case of need, that is to say, in case the bill is dishonored by nonacceptance or non.payment. Such person is called the referee in case of need.
Page 231 - The notarial act of honor must be founded on a declaration made by the payer for honor or by his agent in that behalf declaring his intention to pay the bill for honor and for whose honor he pays.
Page 92 - The title of a person who negotiates an instrument is defective within the meaning of this act when he obtained the instrument, or any signature thereto, by fraud, duress, or force and fear, or other unlawful means, or for an illegal consideration, or when he negotiates it in breach of faith, or under such circumstances as amount to a fraud.