 The holder may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from liability...  Annual Report of the Illinois State Bar Association - Page 117by Illinois State Bar Association - 1899Full view - About this book
 | Albert H. Putney - Law - 1908 - 394 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers...authorized the holder to. take a qualified acceptance, or mbsequently assent thereto. When the drawer or indorser receives notice of a qualified acceptance,... | |
 | Harry Clark Bentley - Corporation law - 1908 - 534 pages
...takes the qualified acceptance, the drawer and any endorsers on the draft are discharged from liability unless they have expressly or impliedly authorized...assent thereto. When the drawer or an endorser receives notice of a qualified acceptance, he will be deemed to have assented thereto unless he expresses his... | |
 | Nigeria. Compilations - 1908 - 880 pages
...by non-acceptance. (2) Where a qualified acceptance is taken, and the drawer or an indorser has not expressly or impliedly authorized the holder to take a qualified acceptance, or does not subsequently assent thereto, such drawer or indorser is discharged from his liability on the... | |
 | New York (State) - Law - 1909 - 926 pages
...not obtain an unqualified acceptance, he may treat the bill a? dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers...subsequently assent thereto. When the drawer or an indorser receives notice of a qualified acceptance, he must within a reasonable time express his dissent... | |
 | Willis Seaver Paine - Banking law - 1910 - 874 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers...subsequently assent thereto. When the drawer or an indorser receives notice of a qualified acceptance, he must within ft reasonable time express his dissent... | |
 | James Parker Hall, James De Witt Andrews - Law - 1910 - 484 pages
...Owen v. Van Ulster, 20 LJCP 61. (55) As to acceptors for honor, see Neg. Inst. Law, sees. 161-170. indorsers are discharged from liability on the bill,...qualified acceptance, or subsequently assent thereto" (57*. For example, if A draws a bill on B, payable to C, who indorses and transfers the bill to D,... | |
 | James Parker Hall, James De Witt Andrews - Law - 1910 - 484 pages
...61. (55) As to acceptors for honor, see Neg. Inst. Law, sees. 161-170. (56) Davis v. Clark, 6 QB 16. indorsers are discharged from liability on the bill,...qualified acceptance, or subsequently assent thereto" For example, if A draws a bill on B, payable to C, who indorses and transfers the bill to D, and D... | |
 | Australia - Session laws - 1910 - 480 pages
...non-acceptance. it>. •. M. (2.) Where a qualified acceptance is taken, and the drawer or an indorser has not expressly or impliedly authorized the holder to take a qualified acceptance, or does not subsequently assent thereto, such drawer or indorser is discharged from his liability on the... | |
 | Ernest Wilson Huffcut - Negotiable instruments - 1910 - 914 pages
...non • acceptance. (2) Where a qualified acceptance is taken, and the drawer or an indorser has not expressly or impliedly authorized the holder to take a qualified acceptance, or does not subsequently assent thereto, such drawer or indorser is discharged from his liability on the... | |
 | Joseph Doddridge Brannan - Bills of exchange - 1911 - 372 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by nonacceptance. "Where a qualified acceptance is taken, the drawer and indorsers...subsequently assent thereto." When the drawer or an "The English Act interpolates "specified." BEA s. 19 (2) (c). indorser receives notice of a qualified... | |
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