 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 473by Institute of Bankers (Great Britain) - 1882Full view - About this book
 | Henry Dunning Macleod - Banks and banking - 1886 - 722 pages
...discharge for 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...by this Act is not liable on the instrument. This snb-section shall not extend to Scotland 2. In Scotland, where the drawee of a bill has in his hands... | |
 | Virginia - Law - 1899 - 724 pages
...ASSIGNMENT OF FUNDS IN HANDS OF DRAWEE.— 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. §128. BILL ADDRESSED TO MORE THAN... | |
 | Maryland - Law - 1898 - 700 pages
...certain in money to order or to bearer. 146. 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. 147. A bill may be addressed to two... | |
 | Ludwig Kuhlenbeck - Checks - 1890 - 236 pages
...290. Williams v. Everett 14, East 582. Stuart v. Fry J. Faunt 339. Wedlake v. Aurely l C. & J. 83. for the payment thereof and the drawee of a bill,...required by this Act, is not liable on the instrument." Anch in Amerika hat sich diese Praxis durchweg behauptet, wenngleich einige amerikanische Juristen,... | |
 | John Augustus Barron - Bills of exchange - 1890 - 152 pages
...assignment Funds in ' ' r >' hands of of funds in the hands of the drawee available for the payrnent thereof, and the drawee of a bill who does not accept...required by this Act is not liable on the instrument. BEA 3 accept^.°' 54- The acceptor of a bill, by accepting it— (a) Engages that he will pay it according... | |
 | Henry Roscoe, Maurice Powell - Evidence (Law) - 1891 - 924 pages
...trade or assumed name, ho is liable thereon as if he had signed it in his own name : By sect. 53, " (1) The drawee of a bill who does not accept as required by this Act" (vidée. 17 (2),post, p. 351) "is not liable on the instrument." As to signature by agent, vide sect.... | |
 | John James MacLaren - Bills of exchange - 1892 - 628 pages
...bill is also declared in section 57. iiandlo? 53. A bill, of itself, does not operate as an drawee, assignment of funds in the hands of the drawee available...required by -this Act is not liable on the instrument. Imp. Act, s. 58 (1). Section 58 of the Imperial Act from which the foregoing is taken, provides that... | |
 | Great Britain - Bills of exchange - 1892 - 94 pages
...Victoria. — Insert (6) before heading, cv.,<j.,wiMj 53 (i.) 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. Victoria. — Insert in [ ] the tcordti Part of this. [This sub-section shall not extend to Scotland.... | |
 | John James MacLaren - Bills of exchange - 1892 - 646 pages
...bill is also declared in section 57. hands8 of 53. A bill, of itself, does not operate as an drawee, assignment of funds in the hands of the drawee available for the payment theveof, and the drawee of a bill' who does not accept as required by this Act is not liable on the... | |
 | Barbados - Session laws - 1893 - 462 pages
...it. Liabilities of parties. Funds in hands of 03. A bill of itself does, not operate as drawee. an assignment of funds in the hands of the drawee available...required by this Act -is not liable on the instrument. Liability of acceptor. 54. The acceptor of a bill, by accepting it — (1 .) Engages that he will pay... | |
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