the-ordinances-of-the-legislative-counci-1890v4 — Page 32

ORDINANCE No. 9 OF 1885 . 1849


Bills of Exchange.


The consideration for a bill.
Section.
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.


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 over-due or dishonoured bill .
37. Negotiation of bill to party already liable thereon.
38. Rights of the holder.


General duties of the holder.


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.
46. Excuses for delay or non - presentment for payment.
47. Dishonour by non-payment .
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 ofparties.


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 .