Tag | non-discharge | Live in Private

Refusal to Discharge Debt with Bill of Exchange

by Live In Private | Apr 16, 2024 | Bill of Exchange (BoE)

BILLS OF EXCHANGE ACT 1909 – SECT 47 Non – acceptance When a bill is duly presented for acceptance and is not accepted within the customary time, the person presenting it must treat it as dishonoured by non – acceptance. If the person does not, the...

Notice of Non-Discharge of Accepted Bill of Exchange

by :Petra: | Apr 15, 2024 | Bill of Exchange (BoE)

BILLS OF EXCHANGE ACT 1909 – SECT 92 Note payable on demand Where a note payable on demand has been indorsed, it must be presented for payment within a reasonable time of the indorsement. If it be not so presented the indorser is discharged. In determining what...