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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 edition. Excerpt: ... HOUSE OP LORDS. H.l.(E.) a MEYER & CO. LIMITED Appellants; 1891 JuiyM. JULES DECROIX, VERLEY ET CIE.. Respondents. Bill of Exchange--Negotiable Instrument--Acceptance, whether qualified--Words prohibiting Transfer--Acceptance " in favour of Draiuer only"--Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), ss. 8, 19, 36. If the acceptor of a bill of exchange desires to qualify his acceptance, he must do so on the face of the bill in clear and unequivocal terms, and so that any person taking the bill could not if he acted reasonably fail to understand that it was accepted subject to an expressed qualification. A bill of exchange was drawn by L. Delobbel Flipo payable "to order Mr, L. Delobbel Flipo." The drawees stamped in printed letters across the face of the bill the words "Accepted payable at Alliance Bank London for" the drawees. Above these words the drawees wrote " In favour of Mr. L. Delobbel Flipo only. No. 28." The word "order" was struck out, but when or by whom did not appear. In an action on the bill by indorsees for value against acceptors: --Held, Lords Bramwell and Morris dissenting, that looking at the position and collocation of the words as they appeared on a facsimile of the bill, the words "in favour of Mr. L. Delobbel Flipo only" did not constitute a qualification of the acceptance, that the acceptance was a general acceptance of a negotiable bill, and that the action was maintainable. Held by Lords Bramwell and Morris that the acceptance was not general but amounted to an acceptance payable to L. Delobbel Flipo only, and that the bill was not negotiable. The decision of the Court of Appeal (25 Q. B. D. 343) affirmed. APPEAL from an order of the Court of Appeal (1) upon a special case of which the following are the...
| ISBN-13 | 9781150296703 |
|---|---|
| ISBN-10 | 1150296704 |
| Weight | 1.70 Pounds |
| Dimensions | 9.00 x 6.00 x 1.18 In |
| List Price | $22.40 |
| Format | Paperback |
|---|---|
| Pages | 530 pages |
| Publisher | |
| Published On | 2009-12-01 |
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