 Where a bill is duly presented for acceptance and is not accepted within the prescribed time, the person presenting it must treat the bill as dishonored by nonacceptance or he loses the right of recourse against the drawer and indorsers.  VERGLEICHENDE RECHTSWISSENSCHAFT - Page 19by DR. FRANZ BERNHOFT, DR. GEORG COHN, AND DR. J. KOHLER - 1883Full view - About this book
 | W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...funds of the drawer, or on any ground except the irregularity of the presentment. Non-accept- 42. (1.) When a bill is duly presented for acceptance and is...person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and... | |
 | Great Britain - 1882 - 574 pages
...its consequences. Duties as to qualified acceptances. Rules as to presentment for payment. 42. (1.) When a bill is duly presented for acceptance and is...person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...the banker, principally the London banker, of which it is well not to lose sight. CLITTSB 42. — " When a bill is duly presented for acceptance and is...person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...dishonoured does not excuse presentment. 42. (t.) When a bill is duly presented for accept- Non-accepUnceance and is not accepted within the customary time, the...person presenting it must treat it as dishonoured, by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and... | |
 | Oscar Borchardt - Banking law - 1883 - 392 pages
...excuse presentment. Non-acccpt- 42. (l.) When a bill is duly presented for acceptance and is not ance' accepted within the customary time, the person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and... | |
 | John Frederick Haynes - English law - 1884 - 736 pages
...believe that the bill, on presentment, will be dishonoured does not excuse presentment. 42. — (1.) When a bill is duly presented for acceptance and is...person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and... | |
 | South Australia - Law - 1884 - 330 pages
...to believe that the bill, on presentment, will be dishonored does not excuse presentment. 42. (!•) When a bill is duly presented for acceptance and is...customary time, the person presenting it must treat it as dishonored by non-acceptance. If he do not, the holder shall lose his right of recourse against the... | |
 | Henry Roscoe - Evidence (Law) - 1884 - 834 pages
...believe that the bill, on presentment, will be dishonoured does not excuse presentment." Sect. 42. "(1.) When a bill is duly presented for acceptance and is...customary time, the person presenting it must treat it a« dishonoured by non-acceptance " (vide sect. 48, post, p. 346). " If he do not, the holder shall... | |
 | Virginia - Law - 1899 - 724 pages
...is excused and the bill is not accepted. § 160. DUTY OF HOLDER WHERE BILL NOT ACCEPTED. — Where a bill is duly presented for acceptance and is not accepted within the prescribed time the person presenting it must treat the bill as dishonored by nonacceptance or he loses... | |
 | Maryland - Law - 1898 - 700 pages
...be obtained ; 2. When presentment for acceptance is excused and the bill is not accepted. 169. Where a bill is duly presented for acceptance and is not accepted within the prescribed time, the person presenting it must treat the bill as dishonored by non-acceptance or he... | |
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