A Handy Book on the Law of Bills, Cheques, Notes and IOU's |
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Page 39
... honor and case of need . 9. Condition of liability of acceptor for honor . 10. What is admitted by Acceptance . 11. How Acceptor may be discharged . 12. Who must accept ? 1. Acceptance only applies to bills . When the drawee irrevocably ...
... honor and case of need . 9. Condition of liability of acceptor for honor . 10. What is admitted by Acceptance . 11. How Acceptor may be discharged . 12. Who must accept ? 1. Acceptance only applies to bills . When the drawee irrevocably ...
Page 41
... honored by non - acceptance , if it turns out that the drawee was incompetent to contract , as by being an infant or a corporation unable to bind itself by an acceptance . 7. None of these acceptances will be complete unless accompanied ...
... honored by non - acceptance , if it turns out that the drawee was incompetent to contract , as by being an infant or a corporation unable to bind itself by an acceptance . 7. None of these acceptances will be complete unless accompanied ...
Page 42
... honor , " who is a stranger , or by a referee in case of need , com- monly called , for shortness , a " case of need , " who is a person referred to on the bill by some party to ... honor . The 9. The object of the acceptance for honor is 42.
... honor , " who is a stranger , or by a referee in case of need , com- monly called , for shortness , a " case of need , " who is a person referred to on the bill by some party to ... honor . The 9. The object of the acceptance for honor is 42.
Page 43
... honor becomes liable to the holder and to all parties subsequent to the party for whose honor he has accepted . But the bill must be presented for pay- ment to the drawee and protested for non - payment before it is presented for ...
... honor becomes liable to the holder and to all parties subsequent to the party for whose honor he has accepted . But the bill must be presented for pay- ment to the drawee and protested for non - payment before it is presented for ...
Page 44
... honor of the drawer ; if upon two or more persons in mercantile part- nership , any one partner can ( see chap . ii ) bind the firm by signing in the name of the firm ; but if upon several persons not partners , they must every one ...
... honor of the drawer ; if upon two or more persons in mercantile part- nership , any one partner can ( see chap . ii ) bind the firm by signing in the name of the firm ; but if upon several persons not partners , they must every one ...
Other editions - View all
A Handy Book of the Law of Bills, Cheques, Notes, and IOU's Containing New ... James Walter Smith No preview available - 2018 |
A Handy Book of the Law of Bills, Cheques, Notes, and IOU's Containing New ... James Walter Smith No preview available - 2022 |
Common terms and phrases
acceptance supra protest acceptor for honor acceptor or maker accommodation bill action agent alteration amount Appendix authority Bank Bank of England banker Barrister-at-Law bill of exchange bill or note bill payable bills and notes bind blank chap CHAPTER cheque cloth Companies contract creditor debt debtor defendant delivery discharged drawer and indorsers drawer or indorser due course Edition Exch excused firm forged forgery fraud give notice given holder in due indorser instrument interest joint London Maps maturity ment negotiable non-acceptance note payable notice of dishonor overdue paid partner payable on demand payable to bearer payee plaintiff Post 8vo presentment for acceptance presentment for payment presumed Price 21s principal promissory note Published Annually recover refused ROBERT LUCAS set-off signature signed stamp Statute sued surety TABLES taking thereof transfer transferor unless WALTER SMITH words writing xvii xxii دو وو
Popular passages
Page 99 - 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 strictly in accordance with the authority given and within a reasonable time.
Page 42 - The drawer of a bill and any indorser may insert thereon the name of a person to whom the holder may resort in case of need ; that is to say, in case the bill is dishonored by non-acceptance or non-payment. Such person is called the referee in case of need.
Page 72 - If given at the place of business of the person to receive notice, it must be given before the close of business hours on the day following; 2.
Page 100 - Where two or more parts of a set are negotiated to different holders in due course, the holder whose title first accrues is as between such holders the true owner of the bill. But nothing in this section affects the rights of a person who in due course accepts or pays the part first presented to him.
Page 109 - 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 32 - Where the holder of an instrument payable to his order transfers it for value without indorsing it, the transfer vests in the transferee such title as the transferor had therein, and the transferee acquires, in addition, the right to have the indorsement of the transferor.
Page 20 - The title of a person who negotiates an instrument is defective within the meaning of this act when he obtained the instrument, or any signature thereto, by fraud, duress, or force and fear, or other unlawful means, or for an illegal consideration, or when he negotiates it in breach of faith, or under such circumstances as amount to a fraud.
Page 47 - Where the bill is drawn payable elsewhere than at the residence or place of business of the drawee.
Page 68 - A written notice need not be signed and an insufficient written notice may be supplemented and validated by verbal communication. A misdescription of the instrument does not vitiate the notice unless the party to whom the notice is given is in fact misled thereby.
Page 78 - Provided that, where a bill has been materially altered, but the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may enforce payment of it according to its original tenor.