 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
 | United States - 1911 - 536 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 Those indorsement it purports to be, and the banker is deemed to have paid the bill '. due course,... | |
 | Louis Arthur Goodeve - Personal property - 1912 - 576 pages
...to order on demand, and he pays it in good faith and in the ordinary course of business; he need not show that 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... | |
 | United States. Delegation to the International conference on bills of exchange, The Hague, 1912, United States. Delegation to the International Conference on Bills of Exchange, 1912, Hague, Netherlands - Bills of exchange - 1913 - 480 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. By section... | |
 | United States - 1913 - 480 pages
...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...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. CHECKS ON... | |
 | Law reports, digests, etc - 1914 - 1340 pages
...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...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 law in... | |
 | Roger Ward Babson - Investments - 1914 - 608 pages
...endorsement was made by or under the authority of the person whose Trading "for the Account" 47 endorsement it purports to be, and the banker is deemed to have paid the bill in due course, although such endorsement has been forged or made without authority." " Crossed... | |
 | Law reports, digests, etc - 1914 - 1338 pages
...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 sliow that the indorsement of the payee or any subsequent indorsement was made by or under the authority... | |
 | Bombay Chamber of Commerce - 1915 - 948 pages
...wasadapted) was enacted as follows : — FORGED ENDORSEMENTS OS HANK DRAFTS. " Bill in good faith and in the ordinary course of business, it ' is not incumbent on the banker to show that the indorse" ment of the payee or any subsequent indorsement was made '• by or under the authority of... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1916 - 496 pages
...to sign for them and in their name. For signature by procuration is within sec. 60, the wording is " it is not incumbent "on the banker to show that the...the person whose indorsement it purports to be," and even before the Act this was the interpretation put on sec. 19 of the Stamp Act, 1853. And here again... | |
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