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Bills of Exchange Act 1882

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. PART I Preliminary

    1. 1.Short title

    2. 2.Interpretation of terms

  3. PART II Bills of Exchange

    1. Form and Interpretation

      1. 3.Bill of exchange defined

      2. 4.Inland and foreign bills

      3. 5.Effect where different parties to bill are the same

      4. 6.Address to drawee

      5. 7.Certainty required as to payee

      6. 8.What bills are negotiable

      7. 9.Sum payable

      8. 10.Bill payable on demand

      9. 11.Bill payable at a future time

      10. 12.Omission of date in bill payable after date

      11. 13.Ante-dating and post-dating

      12. 14.Computation of time of payment

      13. 15.Case of need

      14. 16.Optional stipulations by drawer or indorser

      15. 17.Definition and requisites of acceptance

      16. 18.Time for acceptance

      17. 19.General and qualified acceptances

      18. 20.Inchoate instruments

      19. 21.Delivery

    2. Capacity and Authority of Parties

      1. 22.Capacity of parties

      2. 23.Signature essential to liability

      3. 24.Forged or unauthorised signature

      4. 25.Procuration signatures

      5. 26.Person signing as agent or in representative capacity

    3. The Consideration for a Bill

      1. 27.Value, and holder for value

      2. 28.Accommodation bill or party

      3. 29.Holder in due course

      4. 30.Presumption of value and good faith

    4. Negotiation of Bills

      1. 31.Negotiation of bill

      2. 32.Requisites of a valid indorsement

      3. 33.Conditional indorsement

      4. 34.Indorsement in blank and special indorsement

      5. 35.Restrictive indorsement

      6. 36.Negotiation of overdue or dishonoured bill

      7. 37.Negotiation of bill to party already liable thereon

      8. 38.Rights of the holder

    5. General duties of the Solder

      1. 39.When presentment for acceptance is necessary

      2. 40.Time for presenting bill payable after sight

      3. 41.Rules as to presentment for acceptance, and excuses f presentment

      4. 42.Non-acceptance

      5. 43.Dishonour by non-acceptance and its consequences

      6. 44.Duties as to qualified acceptances

      7. 45.Rules as to presentment for payment

      8. 46.Excuses for delay or non-presentment for payment

      9. 47.Dishonour by non-payment

      10. 48.Notice of dishonour and effect of non-notice

      11. 49.Rules as to notice of dishonour

      12. 50.Excuses for non-notice and delay

      13. 51.Noting or protest of bill

      14. 52.Duties of holder as regards drawee or acceptor

    6. Liabilities of Parties

      1. 53.Funds in hands of drawee

      2. 54.Liability of acceptor

      3. 55.Liability of drawer or indorser

      4. 56.Stranger signing bill liable as indorser

      5. 57.Measure of damages against parties to dishonoured bill

      6. 58.Transferor by delivery and transferee

    7. Discharge of Bill

      1. 59.Payment in due course

      2. 60.Banker paying demand draft whereon indorsement is forged

      3. 61.Acceptor the holder at maturity

      4. 62.Express waiver

      5. 63.Cancellation

      6. 64.Alteration of bill

    8. Acceptance and Payment for Honour

      1. 65.Acceptance for honour supra protest

      2. 66.Liability of acceptor for honour

      3. 67.Presentment to acceptor for honour

      4. 68.Payment for honour supra protest

    9. Lost Instruments

      1. 69.Holder's right to duplicate of lost bill

      2. 70.Action on lost bill

    10. Bill in a Set

      1. 71.Rules as to sets

    11. Conflict of Laws

      1. 72.Rules where laws conflict

  4. PART III Cheques on a Banker

    1. 73.Cheque defined

    2. 74.Presentment of cheque for payment

    3. 75.Revocation of banker's authority

    4. Crossed Cheques

      1. 76.General and special crossings defined

      2. 77.Crossing by drawer or after issue

      3. 78.Crossing a material part of cheque

      4. 79.Duties of banker as to crossed cheques

      5. 80.Protection to banker and drawer where cheque is crossed

      6. 81.Effect of crossing on holder

      7. 82.Protection to collecting banker

  5. PART IV Promissory Notes

    1. 83.Promissory note defined

    2. 84.Delivery necessary

    3. 85.Joint and several notes

    4. 86.Note payable on demand

    5. 87.Presentment of note for payment

    6. 88.Liability of maker

    7. 89.Application of Part II to notes

  6. PART V SUPPLEMENTARY

    1. 90.Good faith

    2. 91.Signature

    3. 92.Computation of time

    4. 93.When noting equivalent to protest

    5. 94.Protest when notary not accessible

    6. 95.Dividend warrants may be crossed

    7. 96.Repeal

    8. 97.Savings

    9. 98.Saving of summary diligence in Scotland

    10. 99.Construction with other Acts, &c

    11. 100.Parole evidence allowed in certain judicial proceedings in Scotland

  7. SCHEDULES.

    1. FIRST SCHEDULE

    2. SECOND SCHEDULE

      Enactments repealed

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