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Negotiable Instrument - Law Dictionary Search Results

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Giving notice in writing

requirement, SIL Import v. Exim Aides Silk Exporters, (1991) 4 SCC 567: AIR 1999 SC 1609 (1612, 1613). [Negotiable Instrument Act, 1881, s. 138, proviso (b)] Giving Notice in writing, is not restricted to the customary mode of … Impart, USA v. Exim Aides Silk Exporters, Bangalore, (1999) 4 SCC 567, see also Chapter XVII of the Negotiable Instrument Act, 1881, containing ss. 138 to 142, which was inserted in the Act as per the Banking Public

cancel

for a court to find that there was an intent to cancel it. b : to make (a negotiable instrument) unenforceable esp. by purposely marking through or otherwise marring the words or signature of NOTE: As stated in … As stated in section 3-604 of the Uniform Commercial Code, a party that is entitled to enforce a negotiable instrument may cancel the instrument, whether or not for consideration, and discharge the obligation of the other party to

Holder in due course

& 46 Vict. c. 61), s. 29. A person who in good faith has given value for a negotiable instrument that is complete and regular on its face, is not overdue, and, to the possessor's knowledge has not

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order

a command issued by a military superior 4 a : a direction regarding the party to whom a negotiable instrument shall be paid [pay to the of John Doe] see also money order, negotiable instrument b : an … to whom a negotiable instrument shall be paid [pay to the of John Doe] see also money order, negotiable instrument b : an instruction or authorization esp. to buy or sell goods or securities or to perform work

recourse

demand payment or compensation ;specif : the right to demand payment from the endorser or drawer of a negotiable instrument see also recourse note at note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the … note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the phrase without recourse on a negotiable instrument limits the liability of the endorser or drawer. If an endorsement states that it is made without recourse,

Bill of Exchange

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 Act, … 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 Act, 1963

Negotiation

Negotiation, treaty of business, whether public or private. [s. 48, Negotiable Instrument Act, 1881 (26 of 1881)] --when a promissory note, bill of exchange or cheque is transferred to any

Not negotiable

Matched in: Term Not negotiable

Indorsee

Indorsee, means a person to whom a negotiable instrument is transferred by indorsement, Black's Law Dictionary, 7th Edn., p. 778. Indorsee, the person to whom a bill

On presentment

On presentment, Reffered. (Negotiable Instruments Act, 1881, s. 21) Referred. [Negotiable Instruments Act, 1881 (26 of 1881), s. 21

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