 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
 | Joshua Williams - Conveyancing - 1906 - 764 pages
...Bank of Srollanil v. Tottenham, 1894. 2 QB 7ir>. it is drawn pays the bill in good faith and in j;he ordinary course of business, it is not incumbent on...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 (x). Payment... | |
 | John Delatre Falconbridge - Banking law - 1907 - 736 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 on the banker to shew that the indorsement of the payee or any subsequent indorsement was made by or under the authority... | |
 | Joseph Doddridge Brannan - Bills of exchange - 1908 - 276 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. Lost Instruments.... | |
 | Nigeria. Compilations - 1908 - 880 pages
...good jig demand faith and in the ordinary course of business, it is not incumbent on indorsement"1 the banker to show that the indorsement of the payee or any sub- is forged, sequent indorsement was made by or under the authority of the person whose indorsement... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1909 - 718 pages
...bill payable to order on demand is drawn on a banker "and the banker pays it 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 endorse" ment, was made by or under the authority of the... | |
 | A. T. Brown - Banking law - 1909 - 108 pages
...drawn upon a banker), and the banker on whom it is drawn pays the bill (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... | |
 | Ernest Wilson Huffcut - Negotiable instruments - 1910 - 914 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. 61. Acceptor... | |
 | Transvaal (Colony). Supreme Court - Law reports, digests, etc - 1910 - 1544 pages
...course of business and on the back of which the name of the payee has been written. Otherwise the words "it is not incumbent on the banker to show that the...of the person whose indorsement it purports to be," which are the very pith of the section, would be meaningless. The use of these words show that the... | |
 | Australia - Session laws - 1910 - 480 pages
...JSJeVron draf * faith and in the ordinary course of business, it is not incumbent on the |°J?°eTment u banker to show that the indorsement of the payee or any subsequent jb. s. eo. indorsement was made by or under the authority of the person whose indorsement it purports... | |
 | Joseph Doddridge Brannan - Bills of exchange - 1911 - 372 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 banker's... | |
| |
