Sight Bills Payable At - Law Dictionary Search Results
Sight, Bills payable at
Matched in: Term Sight, Bills payable at
Presetment of Bill of Exchange, Cheque, or Pro-missory Note
Exchange Act, 1882, as follows:- Presentment of Bill for Acceptance.--Presentment is necessary if the bill be payable after sight or if it be expressly stipulated for by the bill, or if it be drawn payable elsewhere than … for payment. The law on this subject is regulated by the (English) Bills of Exchange Act, 1882, as follows:- Presentment of Bill for Acceptance.--Presentment is … render an indorser liable, but not in ordr to render the maker liable, unless the note be made payable at a particular place (ss. 86, 87).
Usance
countries, between which bills are drawn, to appoint for payment of them. If a foreign bill be drawn payable at sight, or at a certain period after sight, the acceptor will be liable to pay according to the
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Re-exchange
and there to raise the exact number of Austrian florins by drawing and negotiating a cross-bill, payable at sight on his endorser in London, for as much English money as will purchase in Vienna the exact number … that bill the interest and necessary expenses of the transaction', Byles on Bills. The process of recovering expenses that resulted from dishnour of a bill … the transaction is this: a merchant in London endorses a bill for a certain number of Austrian florins, payable at a future date in Vienna. The holder is entitled to receive in Vienna, on the day of the
Promissory Note
pay a specified sum of money to another at a time therein limited, or on demand, or at sight. [Limitation Act, 1963, s. 2 (k)] … Promissory Note, defined in the Bills of Exchange Act, 1882, s. 83, as 'an unconditional promise in writing, made by one person to another, … 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
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