Sum Certain - Law Dictionary Search Results
Home Dictionary Name: sum certainsum certain
sum certain : an amount that can be determined with certainty from the information presented (as on a negotiable instrument) without resort to outside sources ...
Bill of Exchange
Bill of Exchange. Defined in the (English) Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), s. 3, as an 'unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed 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.'It is a chose in action, but, for the encouragement of commerce, it is assignable, at Common Law, by mere endorsement, so that very many names are frequently attached to one bill as endorsers, and each of them is liable to be sued upon the bill, if it be not paid in due time. the person who makes or draws the bill is called the drawer, he to whom it is addressed is, before acceptance, the drawee, and after accepting it, the acceptor; the person in whose favour it is drawn is the payee; if he endorse the bill to another, he is called the endorser, and the person to whom it is thus assigned or negotiated ...
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...
Sums due
Sums due, a sum would be due to the purchaser when there is an existing obligation to pay it in praesenti. It would be profitable in this connection to refer to the concept of a 'debt', for a sum due is the same thing as a debt due, Union of India v. Raman Iron Foundry, AIR 1974 SC 1265 (1271): (1974) 2 SCC 231....
The sum payable
The sum payable, the expression 'the sum payable' would obviously mean the difference between the amount refunded and the reduced amount which was liable to be refunded. The second reason is that even if it were to be held that in the case of enhancement the expression 'the sum payable' in sub-s. (4) means the whole of the enhanced amount by a rule of harmonious construction it has got to be held that in view of s. 3(1)(a) of the Validation Act even in the case of a rectification a notice of demand is to be served now only in respect of the amount by which the Government dues are enhanced, Union of India v. Jardine Henderson Ltd., AIR 1979 SC 972 (977): (1979) 2 SCC 258: (1979) 3 SCR 555....
penal sum
penal sum : a sum to be paid as a penalty esp. under the terms of a bond ...
Any other sum chargeable under the provisions of this Act
Any other sum chargeable under the provisions of this Act, would not include cases where any sum payable to the non-resident is a trading receipt which may or may not include 'pure income', Transmission Corporation of Andhra Pradesh Ltd. v. Commissioner of Income Tax of Andhra Pradesh, (1999) 7 SCC 266. [Income Tax Act, 1961, s. 195]...
Any sums charged by the dealer
Any sums charged by the dealer, the phrase 'any sums charged by the dealer' has to be understood in its ordinary popular sense. So construing the phrase, it means 'what is demanded and collected or received by the dealer', McDowell & Co. v. CTO, (1977) 1 SCC 441: AIR 1977 SC 1459. [A.P. General Sales Tax Act, 1957, s. 2(1)(a)]...
lump sum alimony
lump sum alimony see alimony ...
summing-up
summing-up : closing argument ...
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