BAILII [Home] [Databases] [World Law] [Search] [Feedback]

Northern Irish Legislation

You are here:  BAILII >> Databases >> Northern Irish Legislation >> BILLS OF EXCHANGE ACT 1882

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


BILLS OF EXCHANGE ACT 1882 - SECT 54

Liability of acceptor.

54. The acceptor of a bill, by accepting it

(1)Engages that he will pay it according to the tenor of his acceptance:

(2)Is precluded from denying to a holder in due course:

(a)The existence of the drawer, the genuineness of his signature, and his
capacity and authority to draw the bill;

(b)In the case of a bill payable to drawer's order, the then capacity of the
drawer to indorse, but not the genuineness or validity of his indorsement;

(c)In the case of a bill payable to the order of a third person, the existence
of the payee and his then capacity to indorse, but not the genuineness or
validity of his indorsement.


[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

© 1882 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/boea1882148/s54.html