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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. "
Journal of the Institute of Bankers - Page 473
by Institute of Bankers (Great Britain) - 1882
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Commentary on the Bills of Exchange Act, 1882 (45 & 46 Victoria, Cap. 61)

W. D. Thorburn - Bills of exchange - 1882 - 283 pages
...payment. 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...required by this Act is not liable on the instrument (a). This subsection shall not extend to Scotland. (2.) In Scotland, where the drawee of a bill has...
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The Bills of Exchange Act, 1882 (45 & 46 Vict., C. 61): An Act to Codify the ...

Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 88 pages
...party paying it. Liabilities of Parties. hands of 53.— (i.) A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available...does not accept as required by this Act is not liable as the instrument. This subsection shall not extend to Scotland. (2.) In Scotland where the drawee...
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The Journal of Jurisprudence, Volume 26

Law - 1882
...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...
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Statutes at Large ...

Great Britain - 1882
...Liabilities of Parties. 53. — (!•) A bill, of itself, does not operate as an assignment of Funds in bauds funds in the hands of the drawee available for the payment thereof, of draweeiind the drawee of a bill who does not accept as required by this Act is not liable on the...
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Sammlung der seit dem Jahre 1871 in Aegypten, Belgien, Dänemark ...

Borchardt - Banking law - 1883 - 373 pages
...Liabilities of Parties. 53. — (1.) A bill, of itself, does not operate as an assignment of Funds ™ funds in the hands of the drawee available for the payment thereof, and the hd""afeeof drawee of a bill who does not accept as required by this Act is not liable on the instrument....
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Acts of the Parliament of South Australia

South Australia - Law - 1884
...to the party paying it. Liabilities of Parties. 53. (1.) A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available...required by this Act is not liable on the instrument. 54. The acceptor of a bill, by accepting it — (1.) Engages that he will pay it according to the tenor...
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A Treatise on the Law of Mortgage, Volume 1

Richard Holmes Coote - Mortgages - 1884 - 1440 pages
...In the latter 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,...
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Roscoe's Digest of the Law of Evidence on the Trial of Actions ..., Volumes 1-2

Henry Roscoe - Evidence (Law) - 1884
..." gets a valid discharge, for the bill." Sect. 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, ami the drawee of a bill who does not accept as required by this Act is not liable on the instrument."...
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The Pacific Reporter, Volume 133

Law reports, digests, etc - 1913
...under secticn 3517, providing that such a bill does not of .itself operate as an assignment of the funds In the hands -of the drawee available for the payment thereof, and that the drawee is not liable thereon unless and until he accepts it, and section 3522, providing that...
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The Bills of Exchange Act, 1882: (45 & 46 Vict. C. 61). With Explanatory ...

Aviet Agabeg, William Frederick Barry - Bills of exchange - 1884 - 227 pages
...dishonoured, Russell v. Hankey, 6 Term, 12. See also Vernon v. Bouverie, 2 Show. 303. LIABILITIES OF PARTIES. does not accept as required by this Act is not liable on s. 53. the instrument (6). This sub-section shall not extend to Funds in hand Scotland. of drawee....
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