BILLS OF EXCHANGE ACT 1909
Table of Provisions
PART I--PRELIMINARY
- 1 Short title [ see Note 1]
- 2 Commencement [ see Note 1]
- 4 Interpretation of terms
- 5 Application of rules of bankruptcy and common law
- 6 Application of Act
- 7 Application of State laws
PART II--BILLS--OF EXCHANGE
Division 1--Form and interpretation
- 8 Bill of exchange defined
- 9 Inland and foreign bills
- 10 Effect where different parties to bill are the same person
- 11 Address to drawee
- 12 Certainty required as to payee
- 13 What bills are negotiable
- 14 Sum payable
- 15 Bill payable on demand
- 16 Bill payable at a future time
- 17 Omission of date in bill payable after date
- 18 Ante - dating and post - dating
- 19 Computation of time of payment
- 20 Case of need
- 21 Optional stipulation by drawer or indorser
- 22 Definition and requisites of acceptance
- 23 Time for acceptance
- 24 General and qualified acceptances
- 25 Inchoate instruments
- 26 Delivery
Division 2--Capacity and authority of parties
- 27 Capacity of parties
- 28 Signature essential to liability
- 29 Forged or unauthorized signature
- 30 Procuration signatures
- 31 Person signing as agent or in representative capacity
Division 3--The consideration for a bill
- 32 Value and holder for value
- 33 Accommodation bill or party
- 34 Holder in due course
- 35 Presumption of value and good faith
Division 4--Negotiation of bills
- 36 Negotiation of bill
- 37 Requisites of a valid indorsement
- 38 Conditional indorsement
- 39 Indorsement in blank and special indorsement
- 40 Restrictive indorsement
- 41 Negotiation of overdue or dishonoured bill
- 42 Negotiation of bill to party already liable thereon
- 43 Rights of holder
Division 5--General duties of the holder
- 44 When presentment for acceptance is necessary
- 45 Time for presenting bill payable after sight
- 46 Rules as to presentment for acceptance and excuses for non - presentment
- 47 Non - acceptance
- 48 Dishonour by non - acceptance and its consequences
- 49 Duties as to qualified acceptances
- 50 Rules as to presentment for payment
- 51 Excuses for delay or non - presentment for payment
- 52 Dishonour by non - payment
- 53 Notice of dishonour and effect of non - notice
- 54 Rules as to notice of dishonour
- 55 Excuses for non - notice and delay
- 56 Noting or protest of bill
- 57 Duties of holder as regards drawee or acceptor
Division 6--Liabilities of parties
- 58 Funds in hands of drawee
- 59 Liability of acceptor
- 60 Liability of drawer or indorser
- 61 Stranger signing bill liable as indorser
- 62 Measure of damages against parties to dishonoured bill
- 63 Transferor by delivery and transferee
Division 7--Discharge of bill
- 64 Payment in due course
- 65 Banker paying demand draft whereon indorsement is forged
- 66 Acceptor the holder at maturity
- 67 Express waiver
- 68 Cancellation
- 69 Alteration of bill
Division 8--Acceptance and payment for honour
- 70 Acceptance for honour supra protest
- 71 Liability of acceptor for honour
- 72 Presentment to acceptor for honour
- 73 Payment for honour supra protest
Division 9--Lost instruments
Division 10--Bill in a set
- 76 Rules as to sets
Division 11--Conflict of laws
- 77 Rules where laws conflict
- 77A Effect of non - compliance with stamp laws in case of certain bills of exchange
PART III--CHEQUES--ON A BANKER
Division 1--Cheques generally
- 78 Cheque defined
- 79 Presentment of cheque for payment
- 80 Rights of banker as regards stale cheques
- 81 Revocation of banker's authority
Division 2--Crossed cheques
- 82 General and special crossings defined
- 83 Crossing by drawer or after issue
- 84 Crossing a material part of cheque
- 85 Duties of banker as to crossed cheques
- 86 Protection to banker and drawer where cheque is crossed
- 87 Effect of crossing on holder
- 88A Cheques drawn by a bank on itself
Division 3--Other provisions relating to cheques
- 88B Protection of bankers paying unindorsed or irregularly indorsed cheques or drafts
- 88C Payment of unindorsed cheque or draft as evidence of receipt by payee
- 88D Protection of bankers collecting payment of cheques etc.
- 88E Rights of banker collecting cheque not indorsed by payee
PART IV--PROMISSORY--NOTES
- 89 Promissory note defined
- 90 Delivery necessary
- 91 Joint and several notes
- 92 Note payable on demand
- 93 Presentment of note for payment
- 94 Liability of maker
- 95 Application of Part II to notes