Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dishonour by Non-Acceptance
The drawee is not prepared to meet the bill, such he will return it for the holder by means of a note to this effect, such the bill is then so said to be dishonoured through non-acceptance. Conversely the holder then knows like the debtor has provided him a valueless scrap of such paper, and will like commence proceedings in opposition to him as see the debtor, the drawer of the bill, whether not the drawee like for recover his debt. Well exactly, that action is not an action on the debt although an action on the bill, so such to in drawing the bill the drawer like "engages such in due presentment then so it will be accepted and such paid according just its tenor and such whether it is dishonoured he will compensate the holder...like " (Section 55(1) there.
In Set status, whether the bill can be treated as dishonoured through non-acceptance lacking ever having been presented just to acceptance. Because these state of affairs are like;
1) The drawee is dead or bankrupt.
2) The drawee is a fictitious person.
3) Drawee is a person not having the faculty to contract.
4) After the exercise of reasonable diligence like just presentment cannot be effected. The presentment has been irregular, since acceptance has been refused on some other ground also there.
APPLIED LAWS: However section 2 of the Interpretation and General Provisions Act specified like an "applied law" as:; (a) here an Act of the legislature of another countr
QUESTION 1 Evaluate the circumstances under which an employer would be justified in terminating his worker's contract of employment under the Employment Rights Act QUESTION
Determine about the Mundell-Fleming model The basic two country Mundell-Fleming model assumes that both countries are small. It is this assumption that we modify and assume in
Fraudulent Preference: Under s.312, any disposition of the company's property and any creation of a charge, fixed or floating, effected during the period of six months before
Fitness for Purpose - Sales of Goods However that goods such are bought for a particular purpose that are reasonably fit about that purpose:(S.16 (a))like Whether this conditi
Issue of additional preference shares: In the Bristol Aeroplane Case it was said of the issue of additional preference shares that: "the existing prefere
Creditors meeting - winding up: The creditors' meeting is convened for the same day at a later time than the members' meeting or it is held the following day. One of the dire
Q. Increasing the risk rating of building and construction? Stakeholders indicated that there is a significant risk of phoenix activity in the building and construction industr
1 With reference to the material discussed in class n in the reading over the last few weeks, I would like you to continue a fours on the ethical things that we can all do in our e
Q. Show the Criminal conduct definition of phoenix activity? Master Builders argued that the definition of phoenix activity should focus on the existing sections of corporation
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd