316
Liability of maker.
Application of Part II to notes.
Good faith.
Signature.
No. 3 of 1885.
BILLS OF EXCHANGE.
(3) Where a note is in the body of it made payable at a particular place, presentment at that place is necessary in order to render an indorser liable; but when a place of payment is indicated by way of memorandum only, presentment at that place is sufficient to render the indorser liable, but a presentment to the maker elsewhere, if sufficient in other respects, shall also suffice.
88. The maker of a promissory note, by making it,- (1) engages that he will pay it according to its tenor;
(2) is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.
89.-(1) Subject to the provisions in this Part and except as by this section provided, the provisions of this Ordinance relating to bills of exchange apply, with the necessary modifications, to promissory notes.
(2) In applying those provisions, the maker of a note shall be deemed to correspond with the acceptor of a bill, and the first indorser of a note shall be deemed to correspond with the drawer of an accepted bill payable to drawer's order.
(3) The following provisions as to bills do not apply to notes, namely, provisions relating to----
(a) presentment for acceptance;
(b) acceptance;
(c) acceptance suprà protest;
(d) bills in a set.
(4) Where a foreign note is dishonoured, protest thereof is unnecessary.
PART V.
SUPPLEMENTARY
90. A thing is deemed to be done in good faith, within the meaning of this Ordinance, where it is in fact, done honestly, whether it is done negligently or not.
91.(1) Where by this Ordinance any instrument or writing is required to be signed by any person, it is not necessary that he should sign it with his own hand, but it is sufficient if his signature is written thereon by some other person by or under his authority.
316
Liability of maker.
Application of Part II to notes.
Good faith.
Signature.
No. 3 of 1885.
BILLS OF EXCHANGE.
(3) Where a note is in the body of it made payable at a particular place, presentment at that place is necessary in order to render an indorser liable; but when a place of pay- ment is indicated by way of memorandum only, presentment at that place is sufficient to render the indorser liable, but a presentment to the maker elsewhere, if sufficient in other respects, shall also suffice.
88. The maker of a promissory note, by making it,- (1) engages that he will pay it according to its tenor;
(2) is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.
89.-(1) Subject to the provisions in this Part and except as by this section provided, the provisions of this Ordinance relating to bills of exchange apply, with the necessary modifications, to promissory notes.
(2) In applying those provisions, the maker of a note shall be deemed to correspond with the acceptor of a bill, and the first indorser of a note shall be deemed to correspond with the drawer of an accepted bill payable to drawer's order.
(3) The following provisions as to bills do not apply to notes, namely, provisions relating to----
(a) presentment for acceptance;
(b) acceptance;
(c) acceptance suprà protest;
(d) bills in a set.
(4) Where a foreign note is dishonoured, protest thereof is unnecessary. .
PART V.
SUPPLEMENTARY
90. A thing is deemed to be done in good faith, within the meaning of this Ordinance, where it is in fact, done honestly, whether it is done negligently or not.
91(1) Where by this Ordinance any instrument or writing is required to be signed by any person, it is not necessary that he should sign it with his own hand, but it is sufficient if his signature is written thereon by some other person by or under his authority.
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