Part II Bills of Exchange (ss. 3-72)

AI Summary of Part II Bills of Exchange (ss. 3-72)

Version status: | Document consolidation status: Updated to reflect all known changes

Version date: 18 August 1882 - onwards

		Future version	Amendment requiring commencement	Draft proposed change
	Form and Interpretation (ss. 3-21)
	3. Bill of exchange defined
	4. Inland and foreign bills
	5. Effect where different parties to bill are the same person
	6. Address to drawee
	7. Certainty required as to payee
	8. What bills are negotiable
	9. Sum payable
	10. Bill payable on demand
	11. Bill payable at a future time
	12. Omission of date in bill payable after date
	13. Ante-dating and post-dating
	14. Computation of time of payment
	15. Case of need
	16. Optional stipulations by drawer or indorser
	17. Definition and requisites of acceptance
	18. Time for acceptance
	19. General and qualified acceptances
	20. Inchoate instruments
	21. Delivery
	Capacity and Authority of Parties (ss. 22-26)
	22. Capacity of parties
	23. Signature essential to liability
	24. Forged or unauthorised signature
	25. Procuration signatures
	26. Person signing as agent or in representative capacity
	The Consideration for a Bill (ss. 27-30)
	27. Value and holder for value
	28. Accommodation bill or party
	29. Holder in due course
	30. Presumption of value and good faith
	Negotiation of Bills (ss. 31-38)
	31. Negotiation of bill
	32. Requisites of a valid indorsement
	33. Conditional indorsement
	34. Indorsement in blank and special indorsement
	35. Restrictive indorsement
	36. Negotiation of overdue or dishonoured bill
	37. Negotiation of bill to party already liable thereon
	38. Rights of the holder
	General Duties of the Holder (ss. 39-52)
	39. When presentment for acceptance is necessary
	40. Time for presenting bill payable after sight
	41. Rules as to presentment for acceptance, and excuses for non-presentment
	42. Non-acceptance
	43. Dishonour by non-acceptance and its consequences
	44. Duties as to qualified acceptances
	45. Rules as to presentment for payment
	45A. Additional rules as to presentment of cheques and other documents
	46. Excuses for delay or non-presentment for payment
	47. Dishonour by nonpayment
	48. Notice of dishonour and effect of non-notice
	49. Rules as to notice of dishonour
	50. Excuses for non-notice and delay
	51. Noting or protest of bill
	52. Duties of holder as regards drawee or acceptor
	Liabilities of Parties (ss. 53-58)
	53. Funds in hands of drawee
	54. Liability of acceptor
	55. Liability of drawer or indorser
	56. Stranger signing bill liable as indorser
	57. Measure of damages against parties to dishonoured bill
	58. Transferor by delivery and transferee
	Discharge of Bill (ss. 59-64)
	59. Payment in due course
	60. Banker paying demand draft whereon indorsement is forged
	61. Acceptor the holder at maturity
	62. Express waiver
	63. Cancellation
	64. Alteration of bill
	Acceptance and Payment for Honour (ss. 65-68)
	65. Acceptance for honour supra protest
	66. Liability of acceptor for honour
	67. Presentment to acceptor for honour
	68. Payment for honour suprà protest
	Lost Instruments (ss. 69-70)
	69. Holder's right to duplicate of lost bill
	70. Action on lost bill
	Bill in a Set (s. 71)
	71. Rules as to sets
	Conflict of Laws (s. 72)
	72. Rules where laws conflict

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AI Summary of Part II Bills of Exchange (ss. 3-72)

Part II Bills of Exchange (ss. 3-72)