BILLS OF EXCHANGE ACT 1882 - SECT 89 Application of Part II to notes.

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BILLS OF EXCHANGE ACT 1882 - SECT 89

Application of Part II to notes.

89.(1) Subject to the provisons in this Part, and except as by this section
provided, the provisions of this Act relating to bills of exchange apply, with
the necessary modifications, to promissory notes.

(2) In applying those provisions the maker of a note shall be deemed to
correspond with the acceptor of a bill, and the first indorser of a note shall
be deemed to correspond with the drawer of an accepted bill payable to
drawer's order.

(3) The following provisions as to bills do not apply to notes; namely,
provisions relating to

(a)Presentment for acceptance;

(b)Acceptance;

(c)Acceptance supra0 protest;

(d)Bills in a set.

(4) Where a foreign note is dishonoured, protest thereof is unnecessary.

Good faith.

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Northern Irish Legislation

BILLS OF EXCHANGE ACT 1882 - SECT 89