 | Leone Levi - Commercial law - 1863 - 572 pages
...conn• 1111 iii! termanfling should be refused, inasmuch as the drawing does not operate to M0 ^P t as an assignment of the funds in the hands of the drawee (<Z). Where the drawee is found to be an infant, or a married woman, Infancy of the holder may refuse... | |
 | W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...Liabilities of Parties. Funds in hands 53. (1.) A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available for the payment thereof, and the drawee of a bill who does not accept as required by this Act is not liable on the instrument (a). This subsection... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...paying it. Liabilities of Parties. of 53.—(i.) A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available for the payment thereof, and the drawee of a bill who does not accept as required by this Act is not liable as the instrument. This subsection... | |
 | Law - 1882 - 688 pages
...56, sub-section 4, another rule of English law, that a bill shall not operate as an assignment of any funds in the hands of the drawee available for the payment thereof, and that the drawee who does not accept shall not be liable to any effect on the instrument. By the law... | |
 | John Frederick Haynes - English law - 1884 - 736 pages
...paying it. Liabilities of Parties. 53.—(1.) A bill, of itself, does not operate as an assigment of funds in the hands of the drawee available for the payment thereof, and the drawee of a bill who does not accept as required by this Act is not liable on the instrument. This sub-section... | |
 | Henry Roscoe - Evidence (Law) - 1884 - 834 pages
...LR, 18 Eq. 283. And the Bills of Exchange Act, 1882,45 & 46 Viet. c. 61, s. 53, expressly provides that " a bill of itself does not operate as an assignment of funds in the hands of the drawee available for payment thereof," but this section has no effect on... | |
 | Richard Holmes Coote - Mortgages - 1884 - 868 pages
...case there is no appropriation or lien (x). A bill of exchange does not operate as an assignment of funds in the hands of the drawee, available for the payment thereof (a). (q) Gilbert v. Guignon, 8 Ch. 16, 21. («) Gurney v. Behrend, 3 E. & B. 629, (r) Shepherd v. Harrison,... | |
 | Henry Dunning Macleod - Banks and banking - 1886 - 722 pages
...the bill Funds in Hands of Drawee 160.* 1. A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available for the payment thereof, and the drawee of a bill who does not accept as required by this Act is not liable on the instrument. This snb-section... | |
 | Henry Roscoe, Maurice Powell - Evidence (Law) - 1891 - 924 pages
...LE, 18 Eq. 283. And the Bills of Exchange Act, 1882 (45 & 46 Viet. с. 61), s. 53, expressly provides that " a bill of itself does not operate as an assignment of funds in the hands of the drawee available for payment thereof," but this section has no effect on... | |
 | John James MacLaren - Bills of exchange - 1892 - 646 pages
...declared in section 57. hands"o" 53. A bill, of itself, does not operate as an drawee, assignment of funds in the hands of the drawee available for the payment thereof, and the drawee of a bill'who does not accept as required by this Act is not liable on the instrument. Imp. Act, s.... | |
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a bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is. not liable on the bill unless and until he accepts the same, 
