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.
LEGAL PROTECTION OF MINORITIES: According to decisions of English courts, companies are democratic organisations whose affairs are to be managed by the directors according to
Reconstructions, Mergers And Winding Up: (a) Reconstructions, mergers and takeovers are not defined terms. A reconstruction may be an alternative of the structure of a group o
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
Determine the role of Policy entrepreneurs These couplings are made, Kingdon argues that policy "entrepreneurs" brokers or middlemen, known as Policy entrepreneurs, play a key
Question : (a) Who is a ‘whistle blower'? Explain the main disadvantage a ‘whistle blower' may face. (b) Name two engineering disasters (c) What do yo
Compulsory Change: Section 20(2) of the Act provides that within six months of registration with a particular name the registrar may direct a change in name if in his opinion
Here, we have outlined the utility of National Building Code. We have explained the main features of Factories Act. Some of the provisions of Electricity Act and Rules which are re
Evolution of Contracting Contracts have evolved over centuries. It is a lawful binding relation between two or more parties. The contractual relationships can occur - from a s
Compulsory liquidation - winding up: There are a number of points of similarity: (a) in a compulsory (but not a voluntary) liquidation the directors have to submit a statemen
Explain the Universal Declaration of Human Rights 1948 The Universal Declaration of Human Rights 1948 (UDHR) is the nucleus of all Human Rights legal instruments from which oth
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd