clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Maryland Code Public General Laws, 1904
Volume 393, Page 350   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

350 BILLS OF EXCHANGE AND PROMISSORY NOTES. [ART. 13-

not express that the drawee will perform his promise by any
other means than the payment of money.

152. The holder of a bill presenting the same for acceptance
may require that the acceptance be written on the bill, and if
such request is refused, may treat the bill as dishonored.

153. Where an acceptance is, written on a paper other than
the bill itself, it does not bind the acceptor, except in favor of
a person to whom it is shown, and who, on the faith thereof,
receives the bill for value.

154. An unconditional promise in writing to accept a bill
before it is drawn is deemed on actual acceptance in favor of
every person who, upon the faith thereof, receives the bill for
value.

155. The drawee is allowed twenty-four hours after present-
ment in which to decide whether or not he will accept the bill;
but the acceptance, if given, dates as of the day of presenta-
tion.

156. Where a drawee to whom a bill is delivered for accept-
ance destroys the same, or refuses within twenty-four hours
after such delivery, or within such other period as the holder
may allow, to return the bill accepted or non-accepted to the
holder, he will be deemed to have accepted the same.

157. A bill may be accepted before it has been signed by the
drawer, or while otherwise incomplete, or when it is overdue,
or after it has been dishonored by a previous refusal to accept,
or by non-payment. But when a bill payable after sight is
dishonored by non-acceptance and the drawee subsequently
accepts it, the holder, in the absence of any different agreement,
is entitled to have the bill accepted as, of the date of the first
presentment.

158. An acceptance is either general or qualified. A general
acceptance assents without qualification to the order of the
drawer. A qualified acceptance in express terms varies the
effect of the bill as drawn.

159. An acceptance to pay at a particular place is a general
acceptance unless it expressly states that the bill is to be paid
there only and not elsewhere.


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Maryland Code Public General Laws, 1904
Volume 393, Page 350   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 16, 2024
Maryland State Archives