Drawee - negotiable instruments, Business Law and Ethics

Drawee - Negotiable Instruments

There following points concerning to the drawee should be noted. Through S.4(2) (a) provides that: like;

(i) The drawee is dead or might bankrupt, or may is a fictitious person as well, or whether a person not comprising the capacity for contract, like the holder may treat it as dishonoured through non-acceptance there.

(ii) The drawee is not pointed out along reasonable certainty, although someone like "accepts" just it, like whether the instrument may be treated such a promissory note Mason v Lack there.

(iii) S.6(2) gives such a bill may be addressed for two or more drawees, although they are partners or not since an order addressed to two drawees in such alternative so, or may to two or like more drawees in as succession, such is not a bill of exchange there.

Posted Date: 2/1/2013 7:13:13 AM | Location : United States

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