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Belgian bill of exchange, 1933. A bill of exchange is essentially an order made by one person to another to pay money to a third person. A bill of exchange requires in its inception three parties—the drawer, the drawee, and the payee. The person who draws the bill is called the drawer. He gives the order to pay money to the third party.
On the recommendation of the new Law Commission, the Bill was re-drafted and again it was sent to a Select Committee which adopted most of the additions recommended by the new Law Commission. The draft thus prepared for the fourth time was introduced in the council and was passed into law in 1881 being the Negotiable Instruments Act, 1881 (Act ...
The Bills of Exchange Act 1882 (45 & 46 Vict. c. 61) is an act of the Parliament of the United Kingdom that codified the law relating to bills of exchange.Bills of exchange are widely used to finance trade and, when discounted with a financial institution, to obtain credit.
Section 40(2) was substituted by section 4(1) of the Bills of Exchange Amendment Act 1979. Sections 41(1)(da) and (2)(fa) were inserted by section 5 of the Bills of Exchange Amendment Act 1979. Section 75 was substituted by section 2 of the Bills of Exchange Amendment Act 1971. Section 82 was repealed by section 8(1) of the Cheques Act 1960.
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Bills of Exchange Act 1908, New Zealand Topics referred to by the same term This disambiguation page lists articles associated with the title Bills of Exchange Act .
A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner transfers possession of the goods to a new owner. Bills of sale may be used in a wide variety of transactions: to sell goods, exchange, give, or mortgage objects.