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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.
§ 83. BILLS OF EXCHANGE ACT 1882. Part IV. [39]... Promissory note defined (1) A promissory note is an unconditional promise in writing made by one person to another signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money, to, or to the order of, a specified person or to bearer.
According to section 4 of India's Negotiable Instruments Act, 1881, "a Promissory Note is a writing (not being a bank note or currency note), containing an unconditional undertaking, signed by the maker to pay a certain sum of money only to or to the order of a certain person or the bearer of the instrument". [14]
An Act to confirm certain Orders of the Local Government Board under the provisions of the Divided Parishes and Poor Law Amendment Act, 1876, [a] as amended and extended by the Poor Law Act, 1879, [b] relating to the Parishes of Barmbrough, Burghwallis, Coleshill, Conisbrough, Forrest Hill, Hickleton, Inglesham, Kirk Bramwith, Kirk Sandall and ...
An Act for declaring the Law in relation to Bills of Exchange and Promissory Notes becoming payable on Good Friday or Christmas Day. (Repealed by Bills of Exchange Act 1882 ( 45 & 46 Vict. c. 61)) Supply Act 1827 (repealed)
Bills of Exchange Act may refer to: Bills of Exchange Act 1882, United Kingdom; Bills of Exchange Act 1908, New Zealand This page was last edited on 26 ...
An Act to facilitate the Remedies on Bills of Exchange and Promissory Notes in Ireland by the Prevention of frivolous or fictitious Defences to Actions thereon. Australian Colonies Act 1861 [ 3 ] 24 & 25 Vict. c. 44
The rule is particularly problematic in the consumer debt context where a business offers to finance a consumer purchase by accepting a promissory note signed by a consumer for part or all of the balance in lieu of tender of the full cash price, then sells the note to a bank (technically, by selling an assignment of its rights in the note) in ...