 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...  The Law Relating to Cheques - Page 79by Eric Russell Watson - 1902 - 142 pagesFull view - About this book
 | Howard Irving Smith - Finance - 1903 - 560 pages
...faith in the ordinary course of business a check drawn on it or him it is not incumbent on it or him to show that the indorsement of the payee or any subsequent...person whose indorsement it purports to be and the bank or banker is deemed to have paid the bill in due course, although such indorsement has been forged... | |
 | George Lisle - Accounting - 1903 - 560 pages
...case of the latter, if " the banker on whom it is drawn pays the bill (ie cheque) in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the endorsement of the payee, or any subsequent endorsement, was made by or under the authority of the... | |
 | Henry Warren - Banks and banking - 1904 - 432 pages
...demand is drawii 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...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.' The wording... | |
 | Transvaal (Colony) - Law - 1904 - 552 pages
...bill payable to order on demand is drawn on a banker and the banker pays the bill in good faith and in the ordinary course of business, it is not incumbent...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 : Provided... | |
 | A. M. Hamilton - Bills of exchange - 1904 - 354 pages
...demand draft drawn pays the bill in good faith e and in the ordiwhereon in- „..?.. dorsement is nary course of business, it is not incumbent on the banker...authority of the person whose indorsement it purports to be,g and the banker is deemed to have paid the bill in due course, although such indorsement has been... | |
 | Louis Arthur Goodeve - Personal property - 1904 - 548 pages
...of business ; he need not show tbat the indorsement of the payee, or any subsequent indorsement, was by or under the authority of the person whose indorsement it purports to be ; and he is deemed to have paid the bill in due course, although the indorsement have been forged or made... | |
 | Ernest Sykes - Banks and banking - 1905 - 280 pages
...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...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." This section... | |
 | Robert Emmet Bunker, Michigan - Bills of exchange - 1905 - 392 pages
...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...indorsement was made by or under the authority of the person whoseindorsement it purports to be, and the banker is deemed to have paid' the bill in due course,... | |
 | Manfred Nathan - Corporation law - 1905 - 462 pages
...payable to order on demand is drawn on a banker, and the banker pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the endorsement of the payee or any subsequent endorsement was made by or under the authority of the person... | |
 | Sir Frank Tillyard - Banking law - 1906 - 412 pages
...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...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." " A bill... | |
| |
