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Art.
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Sec.
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Art.
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Sec.
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Bills and Notes— Cont'd:
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Bills and Notes — Cont'd:
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2. NEGOTIABLE INSTRUMENTS ACT —
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2. NEGOTIABLE INSTRUMENTS ACT —
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Cont'd:
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Cont'd:
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Bills of Exchange:
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Bills of Exchange — Cont'd:
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Acceptance of:
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Bills in a Set— Cont'd:
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After dishonor for non-accep-
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Negotiation of parts to dif-
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tance; rights of holder......
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13
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157
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ferent persons; title to bill..
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13
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198
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By separate instrument; lia-
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Payment of one part of bill;
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bility of acceptor ...........
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13
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153
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effect ......................
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13
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202
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By some, but not all, of
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Whole of parts constitutes one
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drawees ...................
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13
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160
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bill ........................
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13
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197
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Conditional acceptance .......
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160
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Dishonored by Non-Acceptance :
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Definition ; how made.........
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151
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Effect of ; recourse of holder ...
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170
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Dishonor for non-acceptance .....
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161
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No presentment for payment
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Is either general or qualified;
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necessary in case of .........
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170
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both defined ..............
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13
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158
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When bill is...................
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13
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168
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Liability of drawee destroying
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When holder must' treat bill as ;
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or retaining bill ............
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156
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effect of failure to do so.....
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169
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Local acceptance .............
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160
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Form an'd! Characteristics:
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Notation of on bill required;
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Bill of exchange defined.......
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145
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effect of refusal .............
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152
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Bill may be addressed to two
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Partial acceptance ...........
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160
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or more drawees ...........
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147
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Promise in writing to accept;
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'• '• Drawee ' must accept bill to
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when acceptance ...........
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154
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work assignment of his funds
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146
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Qualified as to time ..........
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160
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Fictitious drawee or person
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Qualified, discharges drawer and
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without capacity ...........
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149
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indorsers, when ............
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161
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Foreign bill of exchange; what
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Qualified; effect when taken;
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is a .......................
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148
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presumption of assent by
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Inland bill; defined...........
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148
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drawer and indorser.........
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161
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"Referee in case of need"; de-
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Qualified ; holder may refuse ...
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161
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fined ......................
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150
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Time allowed drawee for.......
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155
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When bill may be treated as
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To pay at particular place, gen-
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promissory' note ............
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149
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eral .......................
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159
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Payment of for Honor:
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When drawee may eccept .....
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157
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By two or more parties; pref-
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When general ................
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159
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erence, to whom given.......
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193
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When qualified ..............
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160
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Declaration of payer for honor
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192
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Acceptance for Honor:
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Effect of on liability of parties;
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Agreement of acceptor for
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subrogation of payer for
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honor .....................
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184
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honor .....................
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194
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How made ..................
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181
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Of bill protested for non-pay-
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Liability of acceptor on .......
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183
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ment '..............
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190
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Of bills payable at sight; ma-
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Payer for honor to receive bill
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turity of ..................
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185
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and protest ................
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196
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Protest after for non-payment
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required, before presentment
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effect '......................
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13
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195
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for payment to acceptor or
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To be attested by notarial act
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referee in case of need.......
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186
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10
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191
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When and for whom made;
when for part of sum ......
When deemed for honor of
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10
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180
182
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Payment supra protest. (See Pay-
ment of for Honor.)
Presentment for Acceptance:
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Acceptance supra protest. (See
sub-title Acceptance for
Honor, supra.)
Acceptor for Honor:
Bills dishonored by; protest...
Delays in making presentment
to .........................
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1 3
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189
188
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Failure of holder to make, or
negotiate bill; effect of ......
. On what days may be made;
when made on Saturday ....
Reasonable time, must be made
in ; effect of failure ..........
Time, place and to whom to be
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13
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163
165
163
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Presentment for payment to;
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made ......................
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13
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164
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how -made .................
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13 '
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187
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When addressed to two or
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Protest for non-payment re-
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more drawees ..............
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13
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164
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quired before presentment to
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When drawee bankrupt, insol-
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for payment ................
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186
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vent or makes assignment ...
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13
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164
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Bills in a: Set:
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When excused ...............
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166, 167
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Acceptance; how made; lia-
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Drawee dead, absconded or
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bility of drawee ............
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13
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200
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fictitious.when impossible
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Holder liable on his indorse-
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by reasonable diligence,
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ment of each part; liability
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though presentment irregu-
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of subsequent indorsers......
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13
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199
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lar is refused on other
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Liability of acceptor paying bill
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grounds .....
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13
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167
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without surrender to him of
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When required to be made.......
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13
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162
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part accepted ..............
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13
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201
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Where drawee is dead ........
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13
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164
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