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" The instrument is dishonored by non-payment when, — 1. It is duly presented for payment and payment is refused or cannot be obtained ; or 2. "
The Scots Statutes Revised ...: The Public General Statutes Affecting ... - Page 357
by Scotland - 1900
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A Digest of the Law of Bills of Exchange, Promissory Notes and Cheques

Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 1878 - 366 pages
...distinction is an important one.' Art. 170. A bill is said to be dishonoured by non- Dishonour payment — {a) when it is duly presented for payment, and payment is refused or cannot be obtained ; 3 or (b), when presentment for payment is excused, and the bill is overdue and unpaid. Art. 171....
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Report of the ... Annual Meeting of the American Bar ..., Volume 10, Part 1887

American Bar Association - Law - 1887 - 460 pages
...presented. (e) By waiver of presentment, express or implied. SEC. 47. (1) That a bill is dishonored by non-payment — (a) When it is duly presented for...Subject to the provisions of this act, when a bill is dishonored by non-payment, an immediate right of recourse against the drawer and indorsers accrues...
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A Digest of the Law of Bills of Exchange, Promissory Notes and Cheques

Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 1881 - 418 pages
...clearly excused/ Dishonour Art. i7Q. A bill is said to be dishonoured by nonby nonpayment, payment—(a) when it is duly presented for payment, and payment is refused or cannot be obtained; 5 or (b), when presentment for payment is excused, and the bill is overdue and unpaid. Conse- Art....
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Journal of the Institute of Bankers, Volume 3

Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...presented. (e.) By waiver of presentment, express or implied. Dishonour by Non-payment. 47. (1). A bill is dishonoured by non-payment (a) when it is duly presented...payment and payment is refused or cannot be obtained, or (I) when presentment is excused and the bill is overdue and unpaid. (2.) Subject to tho provisions...
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The Negotiable Instruments Act (Act XXVI of 1881): Being an Act to Define ...

India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...presented. (e.') By waiver of presentment, express or implied. • 47. — (1.) A bill is dishonored by non-payment (a) when it is duly presented for payment and payment is refused or caunot be obtained, or (6) when presentment is excused and the bill is overdue and unpaid. (2.) Subject...
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The Bills of Exchange Act, 1882 (45 & 46 Vict., C. 61): An Act to Codify the ...

Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...cannot be obtained ; or (b.} When presentment for acceptance is excused and the bill is not accepted. (2.) Subject to the provisions of this Act when a bill is dishonoured by non-acceptance, an immediate right of recourse against the drawer and indorsers accrues to the holder,...
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Statutes at Large ...

Great Britain - 1882 - 574 pages
...cannot be obtained ; or (Zi.) when presentment for acceptance is excused and the bill is not accepted. (2.) Subject to the provisions of this Act when a bill is dishonoured by non-acceptance, an immediate right of recourse against the drawer and indorsers accrues to the holder,...
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Sammlung der seit dem Jahre 1871 in Aegypten, Belgien, Dänemark ...

Oscar Borchardt - Banking law - 1883 - 392 pages
...obtained; or sequences. (i.) when presentment for acceptance is excused and the bill is not accepted. (2.) Subject to the provisions of this Act when a bill is dishonoured by non-acceptance, an immediate right of recourse against the drawer and indorsers accrues 'to the holder,...
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Acts of the Parliament of South Australia

South Australia - Law - 1884 - 330 pages
...paid if presented : (eJ By waiver of presentment, express or implied. 47. (1.) A bill is dishonored by non-payment (a.) when it is duly presented for...Subject to the provisions of this Act, when a bill is dishonored by non-payment, an immediate right of recourse against the drawer and indorsers accrues...
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The Student's Statutes: Being the Principal Provisions of Some ..., Volume 424

John Frederick Haynes - English law - 1884 - 736 pages
...would be paid if presented. (e.) By waiver of presentment, express or implied. 47. — (1.) A bill is dishonoured by non-payment (a) when it is duly presented...payment and payment is refused or cannot be obtained, or (6) when presentment is excused and the bill is overdue and unpaid. (2.) Subject to the provisions...
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