A Treatise Of The Law Of Bills Of Exchange Promissory Notes Bank Notes And Cheques

Author : Sir John Barnard Byles
Publisher : Rarebooksclub.com
ISBN 13 : 9781230053745
Total Pages : 260 pages
Book Rating : 4.0/5 (537 download)

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Download or read book A Treatise on the Law of Bills of Exchange, Promissory Notes, Bank-Notes and Cheques written by Sir John Barnard Byles and published by Rarebooksclub.com. This book was released on 2013-09 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 edition. Excerpt: ...GO. It may be doubtful whether this section has extended, or only better defined the protection; difference between a cheque and a bill of exchange on a banker on demand there is none in form, but the former is, in theory at all events, drawn against his balance by a customer, whose signature the banker is bound to recognise and honour: while the latter may be drawn by a stranger to whom the banker would be under no Kiich obligation. The non-repeal of the former statute looks as if something new were intended, but what change has been made beyond the introduction of the word " forged" it is not easy tosee. B.Ii.E. CHAPTER himself to be the party pointed out by the place of payment (I). But this decision goes to the very verge of the law (m). If the drawee be fictitious or incompetent to contract, as, for example, by reason of infancy or coverture (n), the bill may be treated as dishonoured. We have already seen that one partner may, by his acceptance, bind his co-partners. But, if a bill be drawn upon several persons not in partnership, it should be accepted by all, and, if not, may be treated as dishonoured (0). Acceptance will, however, be binding upon such of them as do accept (p). There cannot be two or more separate acceptors of the same bill not jointly responsible. A. refused to supply B. with goods, unless C. would become his surety. C. agreed to do it. Goods to the value of 157.'. were accordingly sold by A. to B. For the amount A. drew on B., and the bill was accepted both by B. and C, each writing his name on it. Lord Ellenborough: "If you had declared that, in consequence of A. selling the goods to B., C. undertook that the bill should be paid, you might have fixed G. by this evidence. But I know of no custom or...