Except as herein otherwise provided, when a negotiable instrument has been dishonored by nonacceptance or nonpayment, notice of dishonor must be given to the drawer and to each indorser, and any drawer or indorser to whom such notice is not given is discharged. Journal of the Institute of Bankers - Page 477by Institute of Bankers (Great Britain) - 1882Full view - About this book
| Illinois. Supreme Court - 1919 - 716 pages
...dishonored by non-acceptance or non-payment, notice of dishonor must be given to the drawer and to each indorser, and any drawer or indorser to whom such notice is not given is discharged." (Ibid. p. 2009.) Section 114 of the same act provides: "Notice of dishonor is not required to be given... | |
| American Bar Association - 1887 - 460 pages
...of this act, when a bill has been dishonored by non-acceptance or by non-payment, notice of dishonor must be given to the drawer and each indorser, and...discharged : Provided, That — (1) Where a bill is dishonored by non-acceptance, and notice of dishonor is not given, the rights of a holder in due course... | |
| Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1882 - 126 pages
...payment for honour. i^ono" and*" 48. Subject to the provisions of this Act, when a and effect of non- bill has been dishonoured by non-acceptance or by...notice is not given is discharged ; Provided that — (t.) Where a bill is dishonoured by non-acceptance, and notice of dishonour is not given, the rights... | |
| India, Patrick Dunlop Shaw - 1882 - 362 pages
...of this Act, when a bill has been dishonored by non-acceptance or by non-payment, notice of dishonor must be given to the drawer and each indorser, and...discharged; Provided that — (1.) Where a bill is dishonored by non-acceptance, and notice of dishonor is not given, the rights of a holder in due course... | |
| W. D. Thorburn - 1882 - 318 pages
...when a honour and ' effect of non- bill has been dishonoured by non-acceptance or by nonpayment (b), notice of dishonour must be given to the drawer and...indorser to whom such notice is not given is discharged (c) : Provided that — (1.) Where a bill is dishonoured by non-acceptance, and notice of dishonour... | |
| Institute of Bankers (Great Britain) - 1882 - 726 pages
...point In connection with the latter part of this clause it is well to consider CLAUSE 48. — "When a bill has been dishonoured by non-acceptance or by...of dishonour must be given to the drawer and each iudorser, and any drawer or indorsor to whom such notice is not given is discharged." It is quite customary... | |
| Oscar Borchardt - 1883 - 392 pages
...has been dishCeffert honoured by non-acceptance or by non-payment, notice of dishonour must or nnn. be given to the drawer and each indorser, and any drawer or indorser to notic,. whom such notice is not given is discharged; Provided that — (1.) Where a bill is dishonoured... | |
| Henry Roscoe - 1884 - 834 pages
...Statute.] Sect. 48. "Subject to the provisions of this Act " (vid« sect. 50, post, pp. 348, 353), " when a bill has been dishonoured by non-acceptance or by...bill is dishonoured by non-acceptance, and notice of disNotice of dishonour — when sufficient. — Statute.] Sect. 49. "Notice of dishonour in order to... | |
| Aviet Agabeg, William Frederick Barry - 1884 - 286 pages
...payment (6), notice of dishonour (c) must be given to the ind. Act, s . 93. drawer and each indorser (d), and any drawer or indorser to whom such notice is not given is discharged (e). Provided that— (1) Where a bill is dishonoured by non-acceptance and notice of dishonour is... | |
| South Australia - 1884 - 330 pages
...of this Act, when a bill has been dishonored by non-acceptance or by non-payment, notice of dishonor must be given to the drawer and each indorser, and any drawer The Bills of Exchange Act 1884. drawer or indorser to whom such notice is not given is discharged :... | |
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