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CHAPTER IV.

OF NEGOTIATION.

SECTIOX

48

49

51

53

Delivery ·
Negotiation by delivery
Negotiation by indorsement
Conversion of indorsement in blank into indorsement in full
Effect of indorsement
Who may negotiate
Indorser who excludes his own liability or makes it conditional
Holder deriving title from holder in due course
Instrument indorsed in blank.
Indorsement in blank followed by indorsement in full
Indorsement for part of sum due.
Legal representative cannot by delivery only negotiate instrument indorsed

by deceased
Instrument obtained by unlawful means or for unlawful consideration
Instrument acquired after dishonour or when overdue

Accommodation note or bill.
Instrument negotiable till payment or satisfaction

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59 ib. 60

CHAPTER V.

OF PRESENTMENT.

61 62 63 64 63 66 67

Presentment for acceptance
Presentment of promissory note for sight .
Drawee's time for deliberation ,
Presentment for payment .
Hours for presentment
Presentment for payment of instrument payable after date or sight .
Presentment for payment of promissory note payable by instalments
Presentment for payment of instrument payable at specified place and not

elsewhere.
Instrument payable at specified place
Presentment where no exclusive place specified
Presentment when maker &c. has no known place of business or

residence
Presentment of cheque to charge drawer
Presentment of cheque to charge any other person
Presentment of instrument payable on demand

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Presentment to agent, representative of deceased, or assignee of in

solvent When presentment unnecessary Liability of banker for negligently dealing with bill presented for pay

ment

75 76

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77

CHAPTER VI.

OF PAYMENT AND INTEREST.

To whom payment should be made
Interest when rate specified
Interest when no rate specified .
Delivery of instrument on payment, or indemnity in case of loss

78 79 80 81

CHAPTER VII.

OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND

CHEQUES.

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83

.

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Discharge from liability-(a) by cancellation; (6) by release ; (c) by

payment
Discharge by allowing drawee more than twenty-four hours to accept
When cheque not duly presented and drawer damaged thereby
Cheque payable to order .
Parties not consenting discharged by qualified or limited acceptance
Effect of material alteration

Alteration by indorsee
Acceptor or indorser bound notwithstanding previous alteration
Payment of instrument on which alteration is not apparent
Extinguishment of rights of action on bill in acceptor's hands .

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99

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100

ib.

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Noting
Protest .
Protest for better security
Contents of protest .
Notice of protest
Protest for non-payment after dishonour by non-acceptance
Protest of foreign bills
When noting equivalent to protest

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104 . 1044

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CHAPTER XVI.

OF INTERNATIONAL LAW.

SECTIOX

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134 135

Law governing liability of maker, acceptor or indorser of foreign in

strument Law of place of payment governs dishonour Instrument made &c. out of British India, but in accordance with its

law. . Presumption as to foreign law

.

136 137

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