A Practical Summary of the Law and Usage of Bills of Exchange and Promissory Notes ... to which are Added ... General Information Connected with the Business of the Counting-house |
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A Practical Summary of the Law and Usage of Bills of Exchange and Promissory ... Benjamin Franklin Foster No preview available - 2018 |
A Practical Summary of the Law and Usage of Bills of Exchange and Promissory ... Benjamin Franklin Foster No preview available - 2015 |
Common terms and phrases
11 months 12 Sept 13 July 13 June 14 July 16 June 17 April 20 July 25 April 3d March 9 Aug 9 Dec 9 Feb 9 Jan 9 Mar 9 Nov 9 Oct acceptances dated acceptor amount April 15 April 25 April 30 April 9 AUGUST bags bales becomes due bill or note Bills drawn Bills of Exchange bills payable boxes casks cent dated 28th day's difference DAYS after sight days of grace debt DEC'R dishonor draft drawer and indorsers drawn or accepted Ducat due.Days equated fall due FEBR'Y fixed by law florin foreign bills hhds holder JANUARY July 15 July 21 July 30 July 9 June 28 June 30 June 9 liable March 3d merchants non-acceptance Notes or acceptances notice Nov'R number of days OCT'R paid parties payable at sight payment period person promissory note protest purchase Rix dollar SEPT'R seroons tare
Popular passages
Page 19 - Where a drawee to whom a bill is delivered for acceptance destroys the same, or refuses within twenty-four hours after such delivery, or within such other period as the holder may allow, to return the bill accepted or nonaccepted to the holder, he will be deemed to have accepted the same.
Page 15 - ... that it be for the payment of money only, and not for the payment of money and the performance of some other act...
Page 23 - In other words, the party receiving an over-due bill cannot acquire a claim which the party holding the bill did not possess. For instance, one party may draw an accommodation bill upon another.
Page 12 - Sixty days after sight of this first of exchange (second and third unpaid), pay to the order of ourselves £1,600 sterling value received, and charge the same to account of as advised. "Dana Land and Lumber Company. "To Messrs. Geo. Shadbolt & Son, London.
Page 122 - Multiply each payment by the time before it becomes due, and divide the sum of the products by the sum of the payments : the quotient will be the mean time.
Page 26 - The consequence of not duly presenting a bill or note is that all the antecedent parties are discharged from their liability, whether on the instrument or on the consideration for which it was given. The acceptor or maker, however, still continues liable.
Page 115 - On articles on which the rate is fixed by .weight, it is understood to be on the gross weight, and on Liquors, Oil, &c. on which the rate refers to gallons, it is understood to be on the whole capacity of the casks, whether full or not. — The proprietor of Goods to be at the expense of putting them in store, stowing away, and turning out of store. — All goods taken on storage, to be subject to one month's storage; if taken out within 15 days...
Page 15 - It is assignable to a third person not named in the bill, or party to the contract, so as to vest in the assignee a right of action in his own name; contrary to the general rule of law, that choses in action are not so assignable.
Page 21 - ... without such knowledge at the time, no subsequently acquired knowledge of the misconduct of the partner in giving such security can disaffirm the act.
Page 125 - Multiply the amount of the smaller side by the number of days between the two average dates, and divide the product by the balance of the account. The quotient will be the time...