The Law of Negotiable Instruments; Including Promissory Notes, Bills of Exchange, Bank Checks and Other Commercial Paper, with the Negotiable ... Comparative Tables Arranged Alphabetically by - Softcover
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909. Excerpt: ... APPENDIX C. BILLS OF EXCHANGE ACT, 1882. 45 And 46 Vict., Ch. 61. An act to codify the law relating to bills of exchange, cheques, and promissory notes. llSth August, 1882. Be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows: PART L Preliminary. 1. Short title. This act may be cited as the Bills of Exchange Act, 1882. 2. Interpretation of terms. In this act, unless the context otherwise requires--"Acceptance" means an acceptance completed by delivery or notification. "Action" includes counter-claim and set-off. "Banker" includes a body of persons, whether incorporated or not, who carry on tho business of banking. "Bankrupt" includes any person whose estate is vested in a trustee or assignee, under the law for the time being in force relating to bankruptcy. "Bearer" meani the person in possession of a bill or note which is payable to bearer. "Bill" means bill of exchange, and "note" means promissory note. "Delivery" means transfer of possession, actual or constructive, from one person to another. "Holder" means the payee or indorsee of a bill or note who Is in possession of it, or the bearer thereof. "Indorsement" means an indorsement completed by delivery. "Issue" means the first delivery of a bill or note, complete In form, to a person who takes it as a holder. "Person" includes a body of persons, whether incorporated or not. "Value" means valuable consideration. "Written" includes printed, and "writing" includes print. PART II. Bills Of Exchange. Form and Interpretation. 3. Bill of exchange defined. (1) A bill of exchange is an unconditional order in writing, addressed by one person to ...
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