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Manual for Accountants. Canada. Volume I. Being the Questions Set by the ...
Wilton C. Eddis
No preview available - 2018
advance agree allow amount answer application Assets Assignee audit Auditor Balance Sheet Bank Bills Book calls Capital Account carried Cash Cash Book cent charged Charter Cheque claim Company Contract cost Creditors Debentures Debtor debts Deposit Depreciation difference Directors Discount divided dividend drawings effect endorsement entitled entries equally Estate Expenses firm Freight further give given hand holder incorporated Insolvent interest Investment issued Joint Stock Company Ledger less Liabilities Limited Machinery matter meeting Merchandise months Mortgage necessary Negotiable Note notice obtained Office paid partnership party passed Patent payable payment period person Preference Profit and Loss proper provisions Purchases Question realized receipts Receivable Rent represented respectively Sales shareholders shares Smith sold Statement Stock Sundry taken thereof Trading transactions transfer unless vote Wages
Page 230 - A bill of exchange is 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.
Page 217 - Notice of dishonor is not required to be given to an indorser in either of the following cases — 1. Where the drawee is a fictitious person or a person not. having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument; 2. Where the indorser is the person to whom the instrument is presented for payment; 3. Where the instrument was made or accepted for his accommodation.
Page 205 - Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer.
Page 206 - An inland bill is a bill which is or on the face of it purports to be (a) both drawn and payable within the British Islands, or (b) drawn within the British Islands upon some person resident therein. Any other bill is a foreign bill. For the purposes of this Act "British Islands...
Page 180 - Court of settling the list of contributories of the company ; and any list so settled shall be prima facie evidence of the liability of the persons named therein to be contributories...
Page 217 - Where in a bill drawer and drawee are the same person, or where the drawee is a fictitious person, or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or a promissory note.
Page 207 - A restrictive indorsement gives the indorsee the right to receive payment of the bill and to sue any party thereto that his indorser could have sued, but gives him no power to transfer his rights as indorsee unless it expressly authorise him to do so.
Page 231 - A negotiable promissory note within the meaning of this act 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 order or to bearer.
Page 211 - An indorsee of a negotiable instrument, in due course, acquires an absolute title thereto, so that it is valid in his hands notwithstanding any provision of law making it generally void or voidable, and notwithstanding any defect in the title of the person from whom he acquired it.