 | Transvaal (Colony) - Law - 1904 - 552 pages
...thereof. Effect of crossing 79. Where a person takes a crossed cheque which bears on on holder. ft the words " not negotiable," he shall not have and...than that which the person from whom he took it had. Protection to col- 80. Where a banker in good faith and without negligence lecting banker. receives... | |
 | George Lisle - Accounting - 1904 - 524 pages
...crossing a cheque, and signifies that the person who takes the cheque does not acquire, and cannot give, a better title to the cheque than that which the person from whom he took it had (Bills of Exchange Act 1882, sec. 81). A cheque so crossed does not mean that it is not transferable,... | |
 | Institute of Bankers (Great Britain) - Banks and banking - 1904 - 721 pages
...across its face." " When a banker pays a cheque " crossed generally otherwise than to a banker." " When a person takes a crossed cheque which bears on it the words ' not negotiable/ " and so on, always cheque. But in Sec. 73 it defines a cheque as a "bill drawn on a banker payable... | |
 | A. M. Hamilton - Bills of exchange - 1904 - 354 pages
...negotiable," b he shall not Effectofcrosshave and shall not be capable of giving a better title ing on holder' to the cheque than that which the person from whom he took it had.c a See s. 2. b It has been questioned if a cheque payable to order or bearer can be made not negotiable... | |
 | Robert Emmet Bunker, Michigan - Bills of exchange - 1905 - 392 pages
...Where the banker, on whom a crossed cheque is drawn, in good 81. Effect of crossing on holder. Where a person takes a crossed cheque which bears on It...that which the person from whom he took it had. 82. Protection to collecting banker. Where a banker in good faith and without negligence receives payment... | |
 | Manfred Nathan - Corporation law - 1905 - 462 pages
...in the same position as if payment of the cheque had been made to the true owner thereof. 79. Where a person takes a crossed cheque which bears on it...than that which the person from whom he took it had. 80. Where a banker in good faith and without negligence receives payment for a customer of a cheque... | |
 | Ernest Sykes - Banks and banking - 1905 - 280 pages
...of a cheque does not prevent the cheque from being negotiated, but the person taking such a cheque " shall not have and shall not be capable of giving...than that which the person from whom he took it had." The position of the collecting banker is therefore as follows : (1) He may be a bond fide holder for... | |
 | Joshua Williams - Conveyancing - 1906 - 764 pages
...not negotiable." Liability of acceptor; of drawer. Liability of indorser. Presentment for payment. words " not negotiable," he shall not have and shall...cheque than that which the person from whom he took it had(c). Crossing a cheque " not negotiable " does not make it untransferable (d), but merely exempts... | |
 | Canada - Law - 1907 - 1110 pages
...cheque had been made to the true owner thereof. 53 V., c. 33, s. 79. ' Not negotiable' cross. 174. Where a person takes a crossed cheque which bears on it...giving a better title to the cheque than that which had the person from whom he took it. 53 V., c. 33, s. 80. title. 175> where a bank > in K°° d faitb... | |
 | John Delatre Falconbridge - Banking law - 1907 - 736 pages
...438, 4 RC at p. 443.) As to crossed cheques, see next chapter, and as to the title of a person who takes a crossed cheque which bears on it the words "not negotiable," see sec. 174. See, also, a discussion of the negotiability of cheques by RE MacNaghten in 13 Journal... | |
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Where a person takes a crossed cheque which bears on it the words " not negotiable," he shall not have and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had. 
