The Law of Business Paper And Securities a Treatment of the Uniform Negotiable
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But if a bill payable upon demand which requires ac- ceptance or one payable at a fixed time is presented to the drawee for acceptance, he is allowed twenty-four hours from his first sight of the bill within which to ex- amine the state of his accounts with the drawer and determine whether or not he will accept it. If the bill is not left with him and, availing himself of this provision, the drawee does not accept the instrument at once, the holder ought again to request its acceptance within t...he time he has allowed the drawee for its examination/' and if the drawee signifies his intention of accepting it and it has not been left with him, the holder will, of course, take the bill to him again. Whether the bill has or has not been left with the drawee, if he does not give the acceptance within twenty-four hours, unless a longer time has been granted, the holder must treat the bill as dishonored. (Sec. 150. ) "Sec. 137. '' Where a drawee to whom Liability of ^ ^^^^ ^^ delivered for acceptance de- retaining or stroys the same, or refuses withix twen- destroying bill, ty-four hours after such delivery or "Illinois.
What to read after The Law of Business Paper And Securities a Treatment of the Uniform Negotiable?
You can find similar books in the "Read Also" column, or choose other free books by Charles F Dolle to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But if a bill payable upon demand which requires ac- ceptance or one payable at a fixed time is presented to the drawee for acceptance, he is allowed twenty-four hours from his first sight of the bill within which to ex- amine the state of his accounts with the drawer and determine whether or not he will accept it. If the bill is not left with him and, availing himself of this provision, the drawee does not accept the instrument at once, the holder ought again to request its acceptance within t...he time he has allowed the drawee for its examination/' and if the drawee signifies his intention of accepting it and it has not been left with him, the holder will, of course, take the bill to him again. Whether the bill has or has not been left with the drawee, if he does not give the acceptance within twenty-four hours, unless a longer time has been granted, the holder must treat the bill as dishonored. (Sec. 150. ) "Sec. 137. '' Where a drawee to whom Liability of ^ ^^^^ ^^ delivered for acceptance de- retaining or stroys the same, or refuses withix twen- destroying bill, ty-four hours after such delivery or "Illinois.
What to read after The Law of Business Paper And Securities a Treatment of the Uniform Negotiable?
You can find similar books in the "Read Also" column, or choose other free books by Charles F Dolle to read onlineMoreLess
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