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" A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. "
Journal of the Institute of Bankers - Σελίδα 473
των Institute of Bankers (Great Britain) - 1882
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The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - 1902 - 220 σελίδες
...assignment of funds in hands of drawee.—A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same (a). (a) Harris v. Clark, 3 NY 93; Mandeville...

Acts of the State of Ohio, Τόμος 95

Ohio - 1902 - 1048 σελίδες
...assignment of funds in hands ff drawee.] A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. Sec. 3175.5. [Bill addressed to more...

The Code of Law for the District of Columbia: Enacted March 3, 1901; Amended ...

District of Columbia - 1902 - 400 σελίδες
...Sec. 1431. NOT AN ASSIGNMENT OF FUNDS.— A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. Sec. 1432. To WHOM ADDRESSED. — A...

Encyclopædia of Accounting, Τόμος 1

George Lisle - 1903 - 560 σελίδες
...VARIOUS PARTIES. — Liability of the Drawee. — Except in Scotland a bill does not operate as an assignment of funds in the hands of the drawee available...for the payment thereof, and the drawee of a bill is in no way liable on the bill till he accepts. Liability of the Drawee in Scotland. — In Scotland,...

Principles of Law: Commercial Paper; Banks and Banking; Partnership ...

International Correspondence Schools - 1903 - 646 σελίδες
...In England, the Bills of Exchange Act, 18S2, provides that a bill, of itself, does not operate as an assignment of funds in the hands of the drawee available for the payment thereof, and unless the drawee accept as required by the act, he is not liable on the instrument.'" The statute...

A Treatise on the Law of Negotiable Instruments, Τόμος 2

John Warwick Daniel, Charles Alexander Douglass - 1903 - 1034 σελίδες
...assignment of funds in hands of drawee. — A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. I 212. Bill addressed to more than...

A Commentary on the Bills of Exchange Act, 1882 (45 and 46 Victoria, Cap. 6l)

A. M. Hamilton - 1904 - 354 σελίδες
...an , — , , assignment of funds in the hands of the drawee availFunds ui hands ° of drawee. able for the payment thereof, and the drawee of a bill...the instrument. This sub-section shall not extend to Scotland.a (2.) In Scotland, where the drawee of a bill b has in his hands funds available for the...

Statutory Proclamations of the Transvaal, 1900-1902: (revised to 31st ...

Transvaal (Colony) - 1904 - 552 σελίδες
...LIABILITIES OF PARTIES. Funds in hand of 51. A bill of itself does not operate as an assignment of drawee. funds in the hands of the drawee available for the...of a bill who does not accept as required by this Proclamation is not liable on the instrument. Liability of ac- 52. The acceptor of a bill by accepting...

The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 836 σελίδες
...or bearer. Not an assignment of funds. — A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof and the drawee is not liable on the bill unless and until he accepts the same. Address of bill. —A bill may be addressed...

North Carolina Journal of Law, Τόμος 1

1904 - 700 σελίδες
...127 of the Act provides that a bill of exchange does not of itself operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same; and Section 189 provides that a check...




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