Maker - Law Dictionary Search Results
Home Dictionary Name: makerco-maker
co-maker : one of two or more persons who sign an instrument to indicate a promise to pay a financial obligation NOTE: Any co-maker may be sued for the entire amount of the indebtedness, although a co-maker who is forced to pay more than his or her share may seek contribution from the other co-makers. ...
Maker and drawer
Maker and drawer, a clear distinction appears to have been made between 'maker' and 'drawer', the former word being used in a more general sense as applying to promissory notes, negotiable instru-ments and cheques, while the word 'drawer' is restricted to bills of exchange or cheques only, and is nowhere used in connection with promissory notes, Firm Sheikh Mohammad Ismail Maula Bakhsh v. Mian Abdul Majid Khan, AIR 1937 Lah 259....
maker
maker : one (as an issuer) that undertakes to pay a negotiable instrument and esp. a note [sign a note as rather than indorser] ...
Maker
Maker, the person who signs a promissory note; by making it he 'engages that he will pay it according to its tenour, and is precluded from denying to a holder in due course the existence of the payee and his than capacity to endorse.'-Bills of Exchange Act, 1882, s. 88....
Parcel makers
Parcel makers, two officers in the Exchequer who formerly made the parcels of the escheators' accounts, wherein they charged them with everything they had levied for the sovereign's use within the time of their being in office, and delivered the same to the auditors to make up their accounts therewith, Prac. Exch....
Confession
Confession, a statement in order to amount to a 'confession' must either admit in terms the offence, or at any rate substantially all the facts which constitute the offence. An admission of an incriminating fact, howsoever grave, is not byitself a confession. A statement which contains an exculpatory assertion of some fact, which if true, would negative the offence alleged cannot amount to a confession, Veera Ibrahim v. State of Maharashtra, (1976) 2 SCC 302: AIR 1976 SC 1167 (1171): (1967) 3 SCR 672. [Evidence Act (1 of 1987), s. 24]'Confession' in common acceptation means and implies acknowledgment of guilt--its evidentiary value and its acceptability however shall have to be assessed by the Court having due regard to the credibility of the witnesses. In the event, however, the Court is otherwise in a position having due regard to the attending circumstances believes the witness before whom the confession is made and is otherwise satisfied that the confession is in fact voluntary and...
Promissory Note
Promissory Note, defined in the Bills of Exchange Act, 1882, s. 83, as 'an unconditional promise in writing, made by one person to another, signed, by the maker, engaging to pay on demand, or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person or to bearer.' The note can require payment at a particular place, Josolyne v. Roberts, (1908) 2 KB 349. The person who makes the note is called the 'maker,' and the person to whom it is payable is called the 'payee': when it is negotiated by the indorsement of the payee, he is called the 'indorser,' and the person to whom the note is transferred is called the 'indorsee,' The Bills of Exchange Act, 1882, codifies the law relating to promissory notes, and by s. 89 of that Act all the provisions of the Act (with few exceptions) which relate to bills of exchange relate also to promissory notes. See BILL OF EXCHANGE.Means a promissory note as defined by the Negotiable Instrument Act, 1881. [Indian S...
ademption
ademption [Latin ademptio, from adimere to take away, from ad to + emere to buy, obtain] 1 : the revocation of a gift in a will inferred from the disposal (as by sale) of the property by the maker of the will before he or she dies 2 : the revocation of a gift in a will inferred from the maker's gift before his or her death of the same or similar property to the recipient named in the will compare advancement NOTE: Only gifts that are characterized as specific devises, bequests, or legacies are subject to ademption. ...
factor
factor [Medieval Latin, doer, maker, agent, from Latin, maker, from facere to do, make] 1 : one who acts or transacts business for another: as a : a commercial agent who buys or sells goods for others on commission b : one that lends money to producers and dealers (as on the security of accounts receivable) 2 : a person or thing that actively contributes to the production of a result [a difference in salary based on a other than sex] ...
Coiner
One who makes or stamps coin a maker of money usually a maker of counterfeit money...
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