bills of exchange act 1882造句

• The United Kingdom is one state for the purposes of the Bills of Exchange Act 1882.
• Chalmers is best remembered today as the draftsman of the Bills of Exchange Act 1882, and in 1888 of the Sale of Goods Act 1893.
• Under the Bills of Exchange Act 1882, part 10, bills of exchange are payable on demand and in part 13,'A bill is not invalid by reason only that it is ante-dated or post-dated .'In the United Kingdom, post-dating a cheque carries no legal weight and so such a cheque can be cashed before the due date.
• In the first action the claimants sued the collecting bank in conversion for the face value of the cheque and in the second action the claimants sued the paying bank in conversion for the face value of the banker's draft . The banks conceded that they had converted the pieces of paper, but denied liability for the face value of the instruments on the ground that by virtue of section 64 ( 1 ) of the Bills of Exchange Act 1882 the materially altered cheque or draft was avoided and therefore worthless in their hands.
• He held that the effect of the word " avoided " in section 64 of the Bills of Exchange Act 1882 was that, subject to the qualifications therein, a cheque or banker's draft which had been materially altered by the fraud of a third party was no longer a cheque or draft representing a chose in action but a worthless piece of paper, and no action for damages in conversion for its face value could therefore be brought by a party, such as the claimants, who, but for the material alteration, would have had contractual rights based upon it.