The Law Relating to Cheques |
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Page 54
... obtained a good title by the indorsement to them , and that the conversion took place in London , when the defen- dants received the money , and so the case was governed by English law and the defendants were liable . A man who , having ...
... obtained a good title by the indorsement to them , and that the conversion took place in London , when the defen- dants received the money , and so the case was governed by English law and the defendants were liable . A man who , having ...
Page 60
Eric Russell Watson. 60 VOIDABLE AND DEFECTIVE TITLE . customer , who , having obtained it by false pretences , had a voidable title to it . But a similar contention by Lawrence , K.C. , on behalf of the defendant bank in Great Western ...
Eric Russell Watson. 60 VOIDABLE AND DEFECTIVE TITLE . customer , who , having obtained it by false pretences , had a voidable title to it . But a similar contention by Lawrence , K.C. , on behalf of the defendant bank in Great Western ...
Page 61
... obtain payment from such banker of the sum mentioned in such document . . . and shall extend in like manner as if the said docu- ment were a cheque . Provided that nothing in this Act shall be deemed to render such a document a ...
... obtain payment from such banker of the sum mentioned in such document . . . and shall extend in like manner as if the said docu- ment were a cheque . Provided that nothing in this Act shall be deemed to render such a document a ...
Page 81
... obtained possession of it ( same cases and Patent Safety Gun Cotton Co. v . Wilson , 49 L. J. C. P. 713 ) , for such negligence is not in the transaction itself , but collateral to it . Where a customer , whose account was debited with ...
... obtained possession of it ( same cases and Patent Safety Gun Cotton Co. v . Wilson , 49 L. J. C. P. 713 ) , for such negligence is not in the transaction itself , but collateral to it . Where a customer , whose account was debited with ...
Page 99
... obtained . ( S. 47 ( 1 ) . ) Subject to the provisions of the Bills of Exchange Act , when a cheque is dishonoured an immediate right of recourse against the drawer and indorsers accrues to the holder . ( S. 47 ( 2 ) . ) This section ...
... obtained . ( S. 47 ( 1 ) . ) Subject to the provisions of the Bills of Exchange Act , when a cheque is dishonoured an immediate right of recourse against the drawer and indorsers accrues to the holder . ( S. 47 ( 2 ) . ) This section ...
Common terms and phrases
acceptor accord and satisfaction agent for collection altered amount applies to cheques Attenborough authority Bank of England Bank of London Bank of Scotland banker Baxendale Bills of Exchange bills payable bonâ fide Chalmers cheque drawn cheque is crossed cheque paid cheque payable Clutton Clydesdale Bank corporation County Bank Crédit Lyonnais creditor crossed not negotiable debt decision defendant bank drawer or indorser due course entitled forged giving notice Grote held holder for value holder in due indorsement in blank infant Ingham instrument judgment jury L. J. Ch L. J. Ex Lacave London and County ment National Bank negligence negotiable instrument notice of dishonour overdue bills overdue cheques payable on demand payable to bearer payable to order payee plaintiff presented for payment Primrose RATIO DECIDENDI recover restrictive indorsement Richdale special indorsement stolen sued supra transferor true owner Union Bank Vict words prohibiting transfer
Popular passages
Page 62 - 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...
Page 2 - 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 51 - 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 105 - 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 instrument, at his option, either as a bill of exchange or a promissory note.
Page 28 - But where the instrument is in the hands of a holder in due course, a valid delivery thereof by all parties prior to him so as to make them liable to him, is conclusively presumed.
Page 79 - When a bill payable to order on demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent indorsement was made by or under the authority of the person whose indorsement it purports to be, and the banker is deemed to have paid the bill in due course, although such indorsement has been forged or made without authority.
Page 34 - In order, however, that any such instrument when completed may be enforced against any person who became a party thereto prior to its completion, it must be filled up strictly in accordance with the authority given and within a reasonable time.
Page 41 - 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 7 - That he took the bill in good faith and for value, and that at the time the bill was negotiated to him he had no notice of any defect in the title of the person who negotiated it.
Page 92 - reasonable time" or an "unreasonable time," regard is to be had to the nature of the instrument, the usage of trade or business (if any) with respect to such instruments, and the facts of the particular case.