 When a bill payable to order on demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent...  Journal of the Institute of Bankers - Page 160by Institute of Bankers (Great Britain) - 1895Full view - About this book
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent indorsement was made by or...indorsement has been forged or made without authority. This section reproduces in substance the 16 and 17 Viet., c. 59, s. 19, but that enactment has not been... | |
 | Great Britain - 1882 - 574 pages
...incumbent on dorsemcirHs the banker to show that the indorsement of the payee or any sub- forged, sequent indorsement was made by or under the authority of...indorsement has been forged or made without authority. 61. When the acceptor of a bill is or becomes the holder of it at Acceptor the or after its maturity,... | |
 | India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...of the payee dorsement is or any subsequent indorsement was made by or under the autho- orge ' rity of the person whose indorsement it purports to be,...indorsement has been forged or made without authority, 61. When the acceptor of a bill is or becomes the holder of Acceptor the it at or after its maturity,... | |
 | W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...forged. nary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent indorsement was made by or...under the authority of the person whose indorsement it pur8 60. ports to be, and the banker is deemed to have paid the bill in due course (d), although such... | |
 | Banks and banking - 1882 - 1044 pages
...a banker on whom it is drawn paying the same in good faith, and in the ordinary course of business, is deemed to have paid the bill in due course, " although such endorsement has been forged or made without authority." Plainly, a banker is liable if ho pays a bill... | |
 | Oscar Borchardt - Banking law - 1883 - 392 pages
...indorsement was made mem is by or under the authority of the person whose indorsement if purports to fw<ibe, and the banker is deemed to have paid the bill in...indorsement has been forged or made without authority. 61. When the acceptor of a bill is or becomes the holder of it at or Acc'p""the after its maturity,... | |
 | Banks and banking - 1883 - 1322 pages
...payee or any subsequent endorsement was made by or under the authority of the person whose endorsement it purports to be, and the banker is deemed to have paid the bill in due course, although such endorsement has been forged or made without authority," a complete answer to both your questions. —... | |
 | Henry Roscoe - Evidence (Law) - 1884 - 834 pages
...ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee, or any subsequent indorsement, was made by,...indorsement has been forged or made without authority." This section is somewhat wider in its terms than the stat. 16 & 17 Viet, c. 59, в. 19, which, however,... | |
 | South Australia - Law - 1884 - 330 pages
...course of business, it is not incumbent on PAKT "• the banker to show that the indorsement of the payee or any subsequent indorsement was made by or...indorsement has been forged or made without authority. 61. When the acceptor of a bill is or becomes the holder of it at Acceptor the holder r . .__ . . fit... | |
 | Lancelot Feilding Everest, Edmund Strode - Estoppel - 1884 - 600 pages
...ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent indorsement was made by or...indorsement has been forged, or made without authority (/). The protection afforded to bankers by the above section (and the one referred to in the note),... | |
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