CHAPTER IV.

OF NEGOTIATION.

Delivery .

Negotiation by delivery

Negotiation by indorsement

Conversion of indorsement in blank into indorsement in full

Effect of indorsement

Who may negotiate

SECTIOS

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

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

SECTION

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

Liability of banker for negligently dealing with bill presented for pay

ment

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CHAPTER VI.

OF PAYMENT AND INTEREST.

Delivery of instrument on payment, or indemnity in case of loss

CHAPTER VII.

OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND

CHEQUES.

Discharge from liability—(a) by cancellation; (b) 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

Estoppel against denying original validity of instrument.

Estoppel against denying capacity of payee to indorsee

Estoppel against denying signature or capacity of prior party.

Cheque crossed specially.

CHAPTER XVI.

OF INTERNATIONAL LAW.

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

Instrument made &c. out of British India, but in accordance with its

law.

Presumption as to foreign law

SECTION

134

135

136 137

CHAPTER XVII.

NOTARIES PUBLIC.

Power to appoint notaries public

Power to make rules for notaries public.

SCHEDULE.

139