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Bills of Exchange Act 1882

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Status:

Point in time view as at 16/04/1991.

Changes to legislation:

There are currently no known outstanding effects for the Bills of Exchange Act 1882, Section 89. Help about Changes to Legislation

89 Application of Part II to notes.U.K.

(1)Subject to the provisions 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 supra protest;

(d)Bills in a set.

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

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