Examples of Bills of Exchange: Key Types Explained

Colombo, 17,976/8 Bill of exchange-Restrictive indorsement-Right of drawer to sue on bill thereafter- Bills of Exchange Ordinance, ss. 21 (3), 31 (1), 35 (2). ... Bill of Exchange drawn on them by the plaintiff company and made-payable to the National Bank of Hungary. ... We are here not concerned with common law rights but with the special rights and obligations created by the Bi....

It is the duty of the holder to deliver the bill when he is paid (section 52 (4), Bills of Exchange Act, 1882). When the maker does not get it back, he must suffer the consequences. Section 31 (1) enacts that a paid bill is not negotiable. ... The language of sections 36 (1) and 59 (1) of the Bills of Exchange Act leaves no room for any other construction than that the payment of a bill or promissory....

A post-dated cheque is not, really speaking, a cheque, but a bill of exchange, as it is not payable on demand; a cheque must be payable on demand. A post-dated cheque, being a bill of exchange payable on a certain day, should be stamped as a bill of exchange. ... The term " bills of exchange " is in some cases used in its generic sense, but where cheques and promis....

2023 0 Supreme(Cal) 823

TSVINCCU1804704 dated 6th April, 2018 (ix) A bill of Exchange no. 04201801 dated 6th April, 2018 for US $25736 drawn by the plaintiff. ... The bank had accepted the terms and conditions of the bill of exchange, where it gives them the authority to hand over the documents to the defendants and then they go to collect the shipment. ... (viii) Origin Bill Of Lading No. TSVINCCU1805785 dated 26th May, 2018 (....

2024 0 Supreme(Mad) 166

A Bill of Exchange was drawn by the plaintiff and the same was discounted with the plaintiff's Banker, namely the third defendant. ... acceptor, as the case may be. “ Once the Bill of Exchange is accepted by the Bank, the Banker would be liable as an acceptor under Section 37 of the Act. ... The third defendant on receipt of the Bill of Exchange, forwarded it to the second defendant....

2023 Supreme(SRI)(SC) 20676

It was also argued by the Defendant that Section 49(5) of the Bills of Exchange Ordinance requires the notice of dishonor to sufficiently identify the bill and intimate the bill was dishonored by non-acceptance or non-payment. ... the Bills of Exchange Ordinance. ... In this regard, “Byles on Bills of Exchange and Cheques” (27th Edition at page178) states; “As set out in S.5(2) of the 1882 Act where in a ....

Section 32 of the Bills of Exchange Act of 1882 is explicit. An endorsement in order to operate as a negotiation must comply with the following conditions, namely: - (1) It must be written on the bill itself and be signed by the endorser. ... The simple signature of the endorser on the bill, without additional words, is sufficient. (2) An endorsement written on an " allonge, " or, on a " copy of a bill issued or nego....

The word " negotiation " when used with reference to a bill of exchange or promissory note includes the original operation of transferring the bill or note to the payee. ... in possession of the bill.' ... It lays down that ' a bill is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder of the bill.' It carefully abst....

It is to be noted that under section 21 (2) of the Bills of Exchange Ordinance, a valid delivery of the bill by all parties is conclusively presumed if the bill is in the hands of a holder in due course. The case of Meera Saibo v. Sangarapillai [1 (1916) 2 O. W. ... Under Section 30 (2) of the Bills of Exchange Ordinance (Cap 68, Legislative Enactments of Ceylon), every holder of a Bill is prima f....

Kirkman.1 Nadarajah, for plaintiff, respondents- Section 56 of the Bills of Exchange Ordinance provides that a stranger who signs a bill incurs all the liabilities of an endorser. ... The bill has not been endorsed by the payee. The endorsement by the appellant created no rights in the payee. At the time of the endorsement the bill had not been delivered to the payee and the payee never endorsed the bill#HL....

2019 0 Supreme(Ker) 681

This is what mainly distinguishes a cheque from a Bill of Exchange. A Bill of Exchange as defined by Section 5 of the N.I. Act is an instrument in writing containing an unconditional order, directing a certain person who may not be a Banker to make payment of certain sum of money to a certain person or bearer of the instrument.

2008 0 Supreme(Ker) 574

“A ‘cheque’ is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand………………” Bill of exchange is defined in Section 5 as follows; “A ‘bill’ of exchange’ is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order, of a certain person or to the bearer of the instrument.” Section 14 defines negotiation in the following manner....

Dishonour Of Cheque

‘A bill of exchange is an instrument in writing containing an unconditional order signed by the maker directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to bearer of the instrument.’ Act which defines it as a bill of exchange drawn on a specified banker. A bill of exchange is defined in Section 5 which reads as follows:

2008 0 Supreme(Del) 511

A bill of exchange is an instrument in writing containing an unconditional order signed by the maker directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to bearer of the instrument. Act which defines it as a bill of exchange drawn on a specified banker. A bill of exchange is defined in Section 5 which reads as follows:

2001 6 Supreme 875

Section 6 of the Act defines a cheque as this : "A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand". Now we have to look at the definition of Bill of exchange. The first paragraph of this section is enough for the purpose of this case and hence it is extracted below : "A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certa....