Bare Act Search Results

Bills of Exchange Act, 1882 Complete Act

State: Central

Year: 1882

.....must be filled up within a reasonable time and, strictly in accordance with the authority given. Reasonable time, for this purpose, is a question of fact: Provided that if any such instrument after completion is negotiated to a holder in due course, it shall be valid and effectual for all purposes in his hands and he may enforce it as if it had been filled up within a reasonable time and strictly in accordance with the authority given. SECTION 21: DELIVERY (1) Every contract on a bill, whether it be the drawer's, the acceptor's, or an indoeser's, is incomplete and revocable until delivery of the instrument in order to give effect thereto : Provided that where an acceptance is written on a bill, and the drawee gives notice to or according to the directions of the persons entitled to the bill that he has accepted it, the acceptance then becomes complete and irrevocable. (2) As between immediate parties, and as regards a remote party other than a holder in due course, the delivery- (a) in order to be effectual must be made either by or under the authority of the party drawing, accepting or indorsing, as the case may be; (b) may be shown to have been conditional or for a.....

Negotiable Instruments Act, 1881 Chapter II

Title: Of Notes, Bills and Cheques

State: Central

Year: 1881

.....to the order of, a certain person or to the bearer of the instrument. A promise or order to pay is not "conditional", within the meaning of this section and section 4, by reason of the time for payment of the amount or any instalment thereof being expressed to be on the lapse of a certain period after the occurrence of a specified event which, according to the ordinary expectation of mankind, is certain to happen, although the time of its happening may be uncertain. The sum payable may be "certain", within the meaning of this section and section 4, although it includes future interest or is payable at an indicated rate of exchange, or is according to the course of exchange, and although the instrument provides that, on default of payment of an instalment, the balance unpaid shall become due. The person to whom it is clear that the direction is given or that payment is to be made may be a "certain person", within the meaning of this section and section 4, although he is mis-named or designated by description only. Section 6 - "Cheque" 1[ 6 . "Cheque" A "cheque" is a bill of exchange dr awn on a specified banker and not expressed to be payable other wise than on.....

Negotiable Instruments Act, 1881 Section 20

Title: Inchoate Stamped Instruments

State: Central

Year: 1881

Where one person signs and delivers toanother apaper stamped in accordance with the law relating to negotiable instrumentsthen in force in 1 [India], and either wholly blank or having writtenthereon an incomplete negotiable instrument, he thereby gives prima facie authority to the holderthereof to make or complete, as the case may be, upon it a negotiableinstrument, for any amount specified therein and not exceeding the amountcovered by the stamp. The person so signing shall be liable upon suchinstrument, in the capacity in which he signed the same, to any holder in duecourse for such amount; provided that no person other than a holder in duecourse shall recover from the person delivering theinstrument anything in excess of the amount intended byhim to bepaid thereunder. _____________________ 1.Substituted by Act 3 of 1951, sec. 3 and Sch., for "theStates".

Negotiable Instruments Act, 1881 Complete Act

Title: Negotiable Instruments Act, 1881

State: Central

Year: 1881

.....for unlawful consideration Section59 - Instrument acquired after dishonour or when overdue Section60 - Instrument negotiable till payment or satisfaction Chapter V Section61 - Presentment for acceptance Section62 - Presentment of promissory note for sight Section63 - Drawee's time for deliberation Section64 - Presentment for payment Section65 - Hours for presentment Section66 - Presentment for payment of instrument payable after date or sight Section67 - Presentment for payment of promissory note payable by instalments Section68 - Presentment for payment of instrument payable at specified place and not elsewhere Section69 - Instrument payable at specified place Section70 - Presentment where no exclusive place specified Section71 - Presentment when maker, etc., has no known place of business or residence Section72 - Presentment of cheque to charge drawer Section73 - Presentment of cheque to charge any other person Section74 - Presentment of instrument payable on demand Section75 - Presentment by or to agent, representative of deceased, or assignee of insolvent Section75A - Excuse for delay in presentment for acceptance or payment Section76 - When presentment.....

Negotiable Instruments Act, 1881 Complete Act

State: Central

Year: 1881

.....but indorsed the bill to A. A's title is subject to the same objection as the drawer's title. SECTION 60: INSTRUMENT NEGOTIABLE TILL PAYMENT OR SATISFACTION A negotiable instrument may be negotiated (except by the maker, drawee or acceptor after maturity) until payment or satisfaction thereof by the maker, drawee or acceptor at or after maturity, but not after such payment or satisfaction. SECTION 61: PRESENTMENT FOR ACCEPTANCE A bill of exchange payable after sight must, if no time or place is specified therein for presentment, be presented to the drawee thereof for acceptance, if he can, after reasonable search, be found, by a person entitled to demand acceptance within a reasonable time after it is drawn, and in business hours on a business day. In default of such presentment, on party thereto is liable thereon to the person making such default. If the drawee cannot, after reasonable search, be found, the bill is dishonoured. If the bill is directed to the drawee at a particular place, it must be presented at that place, and if at the due date for presentment he cannot, after reasonable search, be found thereon, the bill is dishonoured,20[Where authorised by agreement or.....