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
| 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,... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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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