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An Act to codify the law relating to Bills of Exchange, Cheques, and Promissory Notes. The Bills of Exchange Act 1882 (45 & 46 Vict. c. 61) is a United Kingdom Act of Parliament concerning bills of exchange. The Act was drafted by Sir Mackenzie Chalmers, who later drafted the Sale of Goods Act 1893 and the Marine Insurance Act 1906. Bills of ...
In the Commonwealth of Nations almost all jurisdictions have codified the law relating to negotiable instruments in a Bills of Exchange Act, e.g. Bills of Exchange Act 1882 in the UK, Bills of Exchange Act 1890 in Canada, Bills of Exchange Act 1908 in New Zealand, Bills of Exchange Act 1909 in Australia, [2] the Negotiable Instruments Act, 1881 in India and the Bills of Exchange Act 1914 in ...
Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force with significant amendments recently. It deals with the law governing the usage of negotiable instruments in India. The word "negotiable" means transferable and an "instrument" is a document giving legal effect by the virtue of the law.
Status: Current legislation. The Bills of Exchange Act 1908 is an Act of the New Zealand Parliament which regulates bills of exchange and related promissory notes. It is based on the Imperial Bills of Exchange Act 1882 ( UK ). [1] The Act also applies to the Realm of New Zealand, which includes the Cook Islands and Niue as well as New Zealand. [2]
Download as PDF; Printable version; Bills of Exchange Act may refer to: Bills of Exchange Act 1882, United Kingdom; Bills of Exchange Act 1908, New ...
Size of this JPG preview of this PDF file: 367 × 600 pixels. ... English: An Act to amend the Bills of Exchange Act, 1882, with respect to the time for noting Bills.
§ 83. BILLS OF EXCHANGE ACT 1882. Part IV. [35]... Promissory note defined (1) A promissory note is 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 Bills of Exchange Act 1882 unified the bona fide rule across the United Kingdom. American courts have developed a similar principle, on the basis of facilitating practical commerce by obviating the need to verify the provenance of money.