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Australian case law precedents demonstrating dishonourable conduct of local councils regarding the non-acceptance of bills of exchange

Australian case law precedents demonstrating dishonourable conduct of local councils regarding the non-acceptance of bills of exchange

by :Petra: | Jan 27, 2025 | Bill of Exchange, Bill of Exchange Endorsement, Case Law - Bill of Exchange & Promissory Note

Read more about negotiable instruments and case...

Bills of Exchange and Promissory Notes as legal tender and payment methods in Australia

by Live In Private | Nov 12, 2024 | Case Law - Bill of Exchange & Promissory Note

The concepts of bills of exchange and promissory notes as legal tender and payment methods in Australia can be somewhat complex. While there are cases and legal principles that discuss these instruments, particularly in relation to contracts, negotiability, and...

Cases Involving Bills of Exchange and Promissory Notes

by Live In Private | Nov 12, 2024 | Case Law - Bill of Exchange & Promissory Note

While there may not be an extensive list of Australian case law explicitly focused solely on the successful use of bills of exchange and promissory notes, several cases illustrate their enforceability and use within legal contexts. Here’s a list of notable...

Real Case Example: McMahon v The State of Queensland (1985)

by Live In Private | Nov 12, 2024 | Case Law - Bill of Exchange & Promissory Note

a case involving the use of a promissory note in the settlement of an outstanding debt. Facts: In this case, a debtor (McMahon) issued a promissory note to the creditor (The State of Queensland) as part of a settlement agreement. The court order did not specify how...

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BOE Cheque

How does it work?

A Bill of Exchange Cheque is essentially a written, legally enforceable order issued by one party (the drawer) instructing a bank or financial institution (the drawee) to pay a specified amount of money to a designated person or entity (the payee), either immediately or at a future date. It combines the characteristics of a bill of exchange—a formal, negotiable instrument used in trade—and a cheque, which is a direct order to a bank to pay on demand.

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