Bills of Exchange Act 1882
Part I Preliminary
1 Short title.
2 Interpretation of terms.
Part II Bills of Exchange
Form and Interpretation
3 Bill of exchange defined.
4 Inland and foreign bills.
5 Effect where different parties to bill are the same person.
6 Address to drawee.
7 Certainty required as to payee.
8 What bills are negotiable.
9 Sum payable.
10 Bill payable on demand.
11 Bill payable at a future time.
12 Omission of date in bill payable after date.
13 Ante-dating and post-dating.
14 Computation of time of payment.
15 Case of need.
16 Optional stipulations by drawer or indorser.
17 Definition and requisites of acceptance.
18 Time for acceptance.
19 General and qualified acceptances.
20 Inchoate instruments.
21 Delivery.
Capacity and Authority of Parties
22 Capacity of parties.
23 Signature essential to liability.
24 Forged or unauthorised signature.
25 Procuration signatures.
26 Person signing as agent or in representative capacity.
The Consideration for a Bill
27 Value and holder for value.
28 Accommodation bill or party.
29 Holder in due course.
30 Presumption of value and good faith.
Negotiation of Bills
31 Negotiation of bill.
32 Requisites of a valid indorsement.
33 Conditional indorsement.
34 Indorsement in blank and special indorsement.
35 Restrictive indorsement.
36 Negotiation of overdue or dishonoured bill.
37 Negotiation of bill to party already liable thereon.
38 Rights of the holder.
General Duties of the Holder
39 When presentment for acceptance is necessary.
40 Time for presenting bill payable after sight.
41 Rules as to presentment for acceptance, and excuses for non-presentment.
42 Non-acceptance.
43 Dishonour by non-acceptance and its consequences.
44 Duties as to qualified acceptances.
45 Rules as to presentment for payment.
46 Excuses for delay or non-presentment for payment.
47 Dishonour by non-payment.
48 Notice of dishonour and effect of non-notice.
49 Rules as to notice of dishonour.
50 Excuses for non-notice and delay.
51 Noting or protest of bill.
52 Duties of holder as regards drawee or acceptor.
Liabilities of Parties
53 Funds in hands of drawee.
54 Liability of acceptor.
55 Liability of drawer or indorser.
56 Stranger signing bill liable as indorser.
57 Measure of damages against parties to dishonoured bill.
58 Transferor by delivery and transferee.
Discharge of Bill
59 Payment in due course.
60 Banker paying demand draft whereon indorsement is forged.
61 Acceptor the holder at maturity.
62 Express waiver.
63 Cancellation.
64 Alteration of bill.
Acceptance and Payment for Honour
65 Acceptance for honour supra protest.
66 Liability of acceptor for honour.
67 Presentment to acceptor for honour.
68 Payment for honour supra protest.
Lost Instruments
69 Holder’s right to duplicate of lost bill.
70 Action on lost bill.
Bill in a Set
71 Rules as to sets.
Conflict of Laws
72 Rules where laws conflict.
Part III Cheques on a Banker
73 Cheque defined.
74 Presentment of cheque for payment.
74A Presentment of cheque for payment: alternative place of presentment.
74B Presentment of cheque for payment: alternative means of presentment by banker
74CCheques presented for payment under section 74B: disapplication of section 52(4).
75 Revocation of banker’s authority.
75A(1) On the countermand of payment of a cheque, the...
Crossed Cheques
76 General and special crossings defined.
77 Crossing by drawer or after issue.
78 Crossing a material part of cheque.
79 Duties of banker as to crossed cheques.
80 Protection to banker and drawer where cheque is crossed.
81 Effect of crossing on holder.
81ANon-transferable cheques.
82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part IV Promissory Notes
83 Promissory note defined.
84 Delivery necessary.
85 Joint and several notes.
86 Note payable on demand.
87 Presentment of note for payment.
88 Liability of maker.
89 Application of Part II to notes.
PART 4APresentment of cheques and other instruments by electronic means
89APresentment of instruments by electronic means
89BInstruments to which section 89A applies
89CBanker's obligation in relation to accepting physical instrument for presentment
89DCopies of instruments and evidence of payment
89ECompensation in cases of presentment by electronic means
89FSupplementary
Part V Supplementary
90 Good faith.
91 Signature.
92 Computation of time.
93 When noting equivalent to protest.
94 Protest when notary not accessible.
95 Dividend warrants may be crossed.
96. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
97 Savings.
98 Saving of summary diligence in Scotland.
99 Construction with other Acts, &c.
100 Parole evidence allowed in certain judicial proceedings in Scotland.
SCHEDULES
FIRST SCHEDULE
Form of protest which may be used when the services...
Know all men that I, A.B. [householder], of in the...
(Signed) A.B.
G.H. Witnesses.
J.K.
N.B.—The bill itself should be annexed, or a copy of...
SECOND SCHEDULE
. . . . . . . . . ....

Royal arms

Bills of Exchange Act 1882

1882 CHAPTER 61 45 and 46 Vict

An Act to codify the law relating to Bills of Exchange, Cheques, and Promissory Notes.