by :Petra: | Mar 10, 2025 | Bill of Exchange, Blog
A Bill of Exchange (BOE) cannot be used to buy an item (car, house, stereo system, big screen TV, etc.). A BOE can only be used to discharge pre-existing debts. At this point, we believe that some sort of “loan” would have to exist or credit...
by :Petra: | Jan 27, 2025 | Bill of Exchange, Bill of Exchange Endorsement, Case Law - Bill of Exchange & Promissory Note
Here are Australian case law precedents that demonstrate dishonorable conduct of local councils regarding the non-acceptance of bills of exchange and rejections of bills of exchange indorsements, along with the case references: 1. Marriott v. City of South Perth (No...
by :Petra: | Jan 14, 2025 | Bill of Exchange, Bill of Exchange (BoE), Bills of Exchange Act 1909
Below is a list of rebuttal questions tailored to challenge the claims made by corporations in relation to the Bill of Exchange Act 1909 (Cth) and related statements. These questions aim to create an environment for constructive discussion about the legitimacy of the...
by :Petra: | Nov 26, 2024 | Bill of Exchange, Blog
Creating a bill of exchange endorsement that aligns with the UCC (Uniform Commercial Code) in the United States and the Australian Bill of Exchange Act 1909 involves specific terminology and a clear structure. Below is a simplified example of how such an endorsement...
by :Petra: | Nov 26, 2024 | Bill of Exchange
In Australia, one of the most significant cases regarding bills of exchange is “Commercial Bank of Australia v. Amadio” (1983) 151 CLR 447. Although this case is not exclusively about the validity of bills of exchange, it deals with the enforceability and...
by :Petra: | Oct 18, 2024 | Bill of Exchange, Bill of Exchange (BoE), Bills of Exchange Act 1909, Education, Promissory Notes
The Uniform Commercial Code (UCC) is a set of laws that govern various commercial transactions, including negotiable instruments like promissory notes and checks. Under UCC Article 3, a person who possesses a negotiable instrument may take certain actions to ensure...
