Tag: Bills
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Accommodation paper
A negotiable instrument made or indorsed without consideration for the benefit of another. …
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Accommodation paper
A negotiable instrument made or indorsed without consideration for the benefit of another. …
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Special Acceptance
A qualified acceptance of a bill of exchange, as by stipulating for payment at a certain time or place. …
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Acceptance for honor
See bill of exchange….
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Acceptance for honor
See bill of exchange….
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Acceleration Clause
The term is often used in reference to contracts for payment of money in what is usually called an acceleration clause by which time for payment of the debt is advanced because of breach of some condition such as failure to pay interest when due. Acceleration clauses are often bargained for […]
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Trade Acceptance
A draft or bill of exchange drawn by the seller on the purchaser of goods sold and accepted by such purchaser. See Luikart v Massachussetts Bonding & Ins. Co., 129 Neb. 771, 263 N. W. 124. A negotiable instrument. See Merson v Sun Ins. Co., 253 N. Y.S.2d51, 44 Misc.2d 131. The purpose of such…
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Allonge
(Ft.) A piece of paper annexed to a bill of exchange or promissory note, on which to write indorsements for which there is no room on the instrument itself. Pardessus, note 343; Story, Prom, Notes, ç1 121, 151. …
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Implied Acceptance
Meaning of Implied Acceptance Resources See Also Bills Notes
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Implied Acceptance
Meaning of Implied Acceptance Resources See Also Bills Notes
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Acceptor supra protest
A party who accepts a bill which has been protested, for the honor of the drawer or any one of the indorsers. …
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Acceptor supra protest
A party who accepts a bill which has been protested, for the honor of the drawer or any one of the indorsers. …
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Bill of Sale
A written buyer .
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Accommodation Party
One who has signed the instrument as maker, drawer, acceptor, or indorser without receiving value therefor, and for the purpose of lending his name to some other person. Neg. Inst. Law N. Y, Ãâç 55. …
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Bill
What does Bill mean in American Law? The definition of Bill in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is: From the Latin for seal, it came to refer to any sealed instrument, and then to almost any formal written document. Hence the […]