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Holder in due course

Ltd. v. Warning and Gillow Ltd., 1926 AC 670, it was held that the original payee of a cheque is not a holder in due course within the meaning of the Bill of Exchange Act, 1882. Means

Negotiable instruments

bill itself, and be signed by the indorser, and must be an indorsement of the entire bill. A cheque or bill marked 'pay cash or order' is not within the Act and is not a negotiable instrument,

Countercheck

To oppose or check by some obstacle to check by a return check

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to the suit as a class action and dismissed it "Marcia Coyle"] 2 : to guarantee (a personal check) as to signature and amount by so indicating (as by stamping certified) on the face see also certified

Disposition of the company's property

Disposition of the company's property, where a company pays a creditor by cheque between the date of petition and the winding up order against the company, it is illogical to hold

Not negotiable

Not negotiable. These words are sometimes added as part of the crossing of a cheque, with the result that no one who takes the cheque can have or can give a better title

Wager

cannot be recovered by A. from B. [Tatam v. Reeve, (1893) 1 QB 44]. The consideration for a cheque given, or in repayment of a loan made for wagering is bad [Gaming Act, 1835 (5 & 6

Bill of Exchange

1880. See now (English) R. S. C. Ord. III., r. 6, and Ord. XIV. See also BANKER'S DRAFT; CHEQUE; NEGOTIABLE INSTRUMENTS; PROMISSORY NOTES PROTEST; NOTE A BILL, TO; INCHOATE. Includes a hundi and a cheque. [The Limitation

Indorsement

a deed or writing. The requisites of a valid indorsement of a bill of exchange, promissory note, or cheque, are laid down by the (English) Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), s.

Supervisory

Supervisory, the work of checking the authority of the person passing the voucher or to enquire whether the limit of authority has been

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