SECTION |
TITLE |
|
DEFINITIONS |
1.
|
Definitions
|
|
CHAPTER 1. BILLS OF EXCHANGE
- FORM AND INTERPRETATION |
2. |
Definition
of and requirements for bill of exchange
|
3. |
Effect
if different parties to a bill are the same person, or drawee a
fictitious person or not having capacity to contract
|
4. |
Requirements
as to drawee
|
5. |
Requirements
as to payee
|
6. |
Negotiability
of bills |
7. |
Sum
payable
|
8. |
When
bill is payable on demand
|
9. |
When
a future time is determinable
|
10. |
Omission
of date in bill payable after date
|
11. |
Presumption
as to correctness of date, and antedating and post-dating, and date of
a nonbusiness day
|
12. |
Computation
of time of payment
|
13. |
[...repealed by Act
2000_056_004_20001206...]
|
14. |
Optional
stipulations by drawer or indorser
|
15. |
Definition
and requisites of acceptance
|
16. |
Time
for acceptance
|
17. |
General
and qualified acceptances
|
18. |
Inchoate
instruments |
19. |
Delivery
as requirement for contract on a bill
|
|
CAPACITY AND AUTHORITY OF
PARTIES |
20. |
Capacity
of parties
|
21. |
Signature
as requirement for liability
|
22. |
Forged
and unauthorized signatures |
23. |
[...repealed by Act
2000_056_007_20001206]
|
24. |
Signature
as agent or in representative capacity
|
|
THE CONSIDERATION FOR A BILL |
25. |
Holder
for value [...substituted
by Act 2000_056_009_20001206]
|
26. |
Accommodation
bill or party
|
27. |
Holder
in due course
|
28. |
Presumption
as to value and good faith
|
|
NEGOTIATION OF BILLS |
29. |
Negotiation
of bill
|
30. |
Manner
of indorsing
|
31. |
Indorsement
in blank and special indorsement
|
32. |
Restrictive
indorsement
|
33. |
Conditional
indorsement |
34. |
Continuance
of negotiability, and negotiation of overdue or dishonoured bill
|
35. |
Negotiation
of bill to party already liable thereon
|
36. |
Rights
and powers of the holder
|
|
GENERAL DUTIES OF THE HOLDER
|
37. |
When
presentment for acceptance is necessary, and delay in such presentment |
38. |
Time
for presenting for acceptance bill payable after sight
|
39. |
Rules
as to presentment for acceptance, and excuses for non-presentment
|
40. |
Failure
to accept within customary time |
41. |
When
bill is dishonoured by non-acceptance, and consequences thereof
|
42. |
Duties
as to and consequences of qualified acceptance
|
43. |
Rules
as to presentment for payment
|
43A.
|
Presentment
for payment by bank [...inserted by Act
2000_056_013_20001206]
|
44. |
When
presentment for payment may be delayed or dispensed with
|
45. |
When bill is
dishonoured by non-payment, and consequences thereof
|
46. |
Notice of
dishonour and effect of failure to give such notice
|
47. |
Rules as to
notice of dishonour |
48. |
When notice of
dishonour may be delayed or dispensed with
|
49. |
Protest of
bill, and consequences of failure to protest
|
50. |
Duties of
holder towards acceptor as regards presentment for payment,
protest and notice of dishonour, and towards payer on payment of bill
|
|
LIABILITIES OF PARTIES |
51. |
Liability of
drawee
|
52. |
Liability of
acceptor
|
53. |
Liability of
drawer and of indorser
|
54. |
Liability of
stranger signing bill
|
54A.
|
Liability
of signer of aval [...inserted by Act
2000_056_017_20001206]
|
55. |
Damages
recoverable from parties to dishonoured bill |
56. |
Liability of
transferor by delivery
|
|
DISCHARGE OF BILL
|
57. |
Discharge by
payment in due course
|
58. |
Bank paying
demand draft where indorsement is forged
|
59. |
Discharge by
acceptor becoming holder
|
60. |
Discharge by
waiver
|
61. |
Discharge by
cancellation of bill, and discharge of party by cancellation of his
signature |
62. |
Effect of
alteration of bill or acceptance
|
|
ACCEPTANCE AND PAYMENT FOR
HONOUR, AND PAYMENT BY REFEREE IN CASE OF NEED
|
63. |
[...repealed by Act
2000_056_020_20001206]
|
64. |
[...repealed by Act
2000_056_021_20001206]
|
65. |
[...repealed by Act
2000_056_022_20001206]
|
66. |
[...repealed by Act
2000_056_023_20001206]
|
|
LOST INSTRUMENTS
|
67. |
Holder's
rights if bill or note is lost or destroyed
|
68. |
Action upon
lost bill or note
|
|
BILL IN A SET
|
69. |
Rules
as to a bill in a set
|
|
CONFLICT OF LAWS |
70. |
Rules if laws
conflict
|
|
CHAPTER II. CHEQUES
- GENERALLY
|
71. |
Applicability
to cheques of certain provisions relating to certain other bills
|
72. |
Presentment of
cheque for payment
|
72A.
|
Liability
of drawee who has certified cheque [...inserted by Act
2000_056_029_20001206]
|
72B.
|
Prevention
of fraud [...inserted by Act
2000_056_029_20001206]
|
73. |
Revocation of
bank’s authority
|
74. |
[...repealed by Act
2000_056_031_20001206]
|
|
CROSSED CHEQUES
|
75. |
General and
special crossings on cheques
|
75A. |
Non-transferable
cheques [...inserted by Act
2000_056_033_20001206]
|
76. |
Crossings by
drawer, or after issue
|
77. |
Crossing
material part of cheque
|
78. |
Duties of
banks as to crossed cheques
|
79. |
Protection to
bank and drawer where cheque is crossed
|
80. |
Effect of
crossing and addition of words “not negotiable” on rights of holder
|
81. |
True owner of
stolen or lost crossed cheque marked “not negotiable”
entitled to compensation from certain subsequent possessors
|
82. |
Application of
sections 75 to 81 to certain documents other than cheques
|
|
UNINDORSED OR IRREGULARLY
INDORSED INSTRUMENTS
|
83. |
Effect of
payment to or crediting of accounts by bankers of amounts of
unendorsed or irregularly indorsed cheques and certain other documents |
84. |
Rights of bank
if unendorsed or irregularly indorsed cheques or certain other
documents are delivered to them for collection
|
85. |
Evidential
value of payment of unendorsed or irregularly indorsed cheques or
certain other documents
|
86. |
Negotiability
of documents referred to in sections 83, 84 and 85
|
|
CHAPTER III. PROMISSORY NOTES
|
87. |
Promissory
note defined |
88. |
Delivery a
requirement for coming into existence of note
|
89. |
Joint or joint
and several liability on notes
|
90. |
Time of
presentment for payment of note payable on demand and indorsed
|
91. |
Presentment of
note for payment
|
92. |
Liability of
maker
|
93. |
Application to
notes of provisions relating to bills
|
|
CHAPTER IV. SUPPLEMENTARY
PROVISIONS
|
94. |
Good faith |
95. |
Signature
|
96. |
Computation of
time
|
97. |
[...repealed by Act
2000_056_045_20001206]
|
98. |
Protest when
notary not accessible
|
99. |
Certain
provisions of Act applicable to dividend warrants, coupons for interest
and postal and money orders
|
100. |
Laws that are
not affected by this Act
|
101. |
Repeal of laws |
102. |
Short title
|
Sch.1. |
FIRST
SCHEDULE. FORM OF PROTEST WHICH MAY IN TERMS OF SECTION NINETY-EIGHT BE
USED WHEN THE SERVICES OF A NOTARY CANNOT BE OBTAINED [s98]
|
Sch. 2. |
SECOND SCHEDULE. LAWS REPEALED [s101] |