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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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The Negotiable Instruments Law of Kentucky

Charles Monfort Lindsay - Negotiable instruments - 1904 - 204 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 (a) the same. Eaton and Gilbert, Com. Paper,...
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - Session laws - 1904 - 378 pages
...certain in money to order or to bearer. § 127. 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. A bill may be addressed to...
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Acts of the General Assembly of the Commonwealth of Kentucky, Passed

Kentucky - Law - 1904 - 384 pages
...order or to bearer. liable"™1'™ ^ ^~' ^ 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, joint drawees. '§ 128. A bill may...
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The Maryland Code, Public General Laws, Codified, Volume 1

Maryland - Law - 1904 - 1280 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...
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A Treatise on the Law of Contracts

Joseph Chitty - Contracts - 1904 - 940 pages
...Liabilities of Parties. S. 53. — (1) A bill, of itself, does not operate as an assignment Funds in of funds in the hands of the drawee available for the payment drawee. thereof (o), and the drawee of a bill who does not accept as required by this Act is not liable...
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The Company and Commercial Laws of the Transvaal: With Explanatory Notes and ...

Manfred Nathan - Corporation law - 1905 - 462 pages
...deliver it up to the party paying it. LIABILITIES OF PARTIES. 51. A bill of itself does not operate as an assignment of funds in the hands of the drawee available...of a bill who does not accept as required by this Proclamation is not liable on the instrument. 52. The acceptor of a bill by accepting it — (1) engages...
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Revisal of 1905 of North Carolina: Prepared Under Chapter Three ..., Volume 1

North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - Law - 1905 - 1412 pages
...733. s. 126. 2277. Not assignment Of fund. A bill of itself does not operate as an assignment of the r, and the court shall give judgment accordingly. Code, s. 410; CCP, is not liable on the bill unless and until he accepts the same. 1899, c. 733. s. 127. 2278. May be...
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Cases Determined in the Supreme Court of Washington, Volume 37

Washington (State). Supreme Court, Arthur Remington, Solon Dickerson Williams - Law reports, digests, etc - 1905 - 870 pages
...interpretation of hills of exchange, provides that a hill 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; and § 132 defines acceptance in the...
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The Home Library of Law ...

Albert Sidney Bolles - Law - 1905 - 224 pages
...respect, is a material alteration. SEC. 127. 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. SEC. 128. A bill may be addressed to...
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The Negotiable Instruments Law

Robert Emmet Bunker, Michigan - Bills of exchange - 1905 - 392 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.1 1 — A draft is not an assignment...
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