Payment In Due Course - Law Dictionary Search Results
Payment in due course
Matched in: Term Payment in due course
Debt
them. An action of debt as a technical term is now obsolete. See PLEADINGS. The order of the payment of debts and expenses out of legal assets in an ordinary administration action in the Chancery Division of … Debt [fr. debitum, Lat.], a sum of money due from one person to another. An action of debt lay where a person claimed the recovery of a … institution or by a consortium of banks or financial institutions during the course of any business activity undertaken by the bank or the financial institution
Current account transaction
in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business, (ii) payments due as interest on loans and as net income from investments, (iii) remittances for … than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes-- (i) payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the
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Agricultural Holdings Act, 1923
year before making the distress, unless by the ordinary course of dealing between the landlord and tenant the payment has been deferred until the expiration of a quarter or half-year after the rent became due, in which
Alteration
indorsers. But if the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may enforce … such holder may avail himself of the bill as if it had not been altered, and may enforce payment of it according to its original tenor. In particular the following alterations are material, namely, any alteration of
Suspending payment
Matched in: Term Suspending payment
Current assets
in cash or sold or consumed within a period of not more than twelve months in the ordinary course of business, such as, stock-in-trade, amounts due from sundry debtors for sale of goods and for services rendered, … such as, stock-in-trade, amounts due from sundry debtors for sale of goods and for services rendered, advance tax payments and bills receivable, but does not include sums credited to a provided fund, a pension fund, a gratuity
Bill of Exchange
or negotiated is the endorsee or holder, and so on ad infinitum. A payee is not a holder in due course, Jones v. Waring, 1926 AC 670. The earliest recorded bills of exchange, according to Beckmann (Hist. Invent. iii. … hundi and any other document entitling or purporting to entitle any person, whether named therein or not, to payment by any other person of, or to draw upon any other person for, any sum of money. [Indian
Satisfaction
Satisfaction, legal compensation; the recompense for an injury done, or the payment of money due and owing. See ACCORD. The giving of something with the intention, express or implied, that … it is to be taken either wholly or partly in extinguishment of some prior claim or demand. Of course, it is open to a donor expressly to provide that his subsequent gift shall be a satisfaction of
Regularly
9(1) of the Act seems that the word 'regular' connotes a consistent course of conduct without any break or breach and the words 'regular payment … the word 'regularly' in clause (b) of s. 12(3) has a significance of its own. It enjoins a payment or tender characterised by reasonable punctuality, that is to say, one made at regular times or intervals. The … must reasonably conform with substantial proximity to the sequence of times or intervals at which the rent falls due, Mranalini B. Shah v. Bapalal Mohanlal Shah, AIR 1980 SC 954 (956): (1980) 4 SCC 251. [Bombay Rents,
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