Negotiable Instruments Act - Law Dictionary Search Results

Acceptance of bill of exchange

honour the draft as presented, American Express Bork Ltd. v. Calcutta Steel Co., (1993) 2 SCC 199 (207). [Negotiable Instruments Act, 1881, ss. 7, 32, 33]

Public Holiday

Public Holiday, means any day which is a Public Holiday for the purpose of s. 25 of the Negotiable Instruments Act, 1881 (26 of 1881). [The West Bengal Panchayat Election Act, 2003, s. 2(21)]

summary manner, upon a conviction of the guilty party. This restitution reaches the stolen goods (unless they be negotiable instruments) notwithstanding that the guilty party may have sold them for value to an innocent purchaser [see s. 24 … restitution of such goods as were brought into Court to be made to the several prosecutors. The Larceny Act, 1916, s. 45, gives power to the court to award from time to time writs of restitution for

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Acceptor

of such signing to the holder or to some person on his behalf, he is called the acceptor. [Negotiable Instruments Act, 26 of 1881, s. 7)

Made over

within the meaning of s. 16, P.K. Murugan v. Vallabhan Kantan Styled Kunhanunni, AIR 1955 Mad 53 (56). [Negotiable Instruments Act, 1881, s. 16]

Liability of legal representative signing

thereon unless he expressly limits his liability to the extent of the assets received by him as such. (Negotiable Instruments Act, 1881 (26 of 1881), s. 29)

Acceptor for honour

of the drawer or of any one of the indorsers, such person is called an 'acceptor for honour'. [Negotiable Instruments Act, 26 of 1881, s. 7)

Liability of drawer

holder, provided due notice of dishonour has been given to, or received by, the drawer as hereinafter provided. (Negotiable Instruments Act, 1881 (26 of 1881), s. 30)

Indorser

being the payee or holder, writes his name on the back of a bill of exchange, etc. [NI Act, 1881 (26 of 1881), s. 15]

Drawer, Drawee

of exchange or cheque is called the 'drawer'; the person thereby directed to pay is called the 'drawee'. [Negotiable Instruments Act, 1881 (26 of 1881), s. 7]

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