Drawee

Braudel, p. 368, distinguishes four possible handlers in a bill's life course, the purchaser, the drawer, the bearer, and the drawee who would accept the bill (or not, which might give rise to protests or a lawsuit). ❋ Unknown (2008)

This so-called "truncation" of the collection process calls for a redefinition of the duties incumbent on the holder and collecting and drawee banks and have been specifically addressed in the proposed legislation. ❋ Unknown (1994)

If, when a bill is presented to the drawee, he agrees to pay it, he is said to _accept_ the bill, and writes his acceptance upon it. ❋ Andrew W. Young (N/A)

No precise time is fixed by law at which bills payable at sight or a certain number of days after sight, must be presented to the drawee for acceptance; though an unreasonable delay might discharge the drawer. ❋ Andrew W. Young (N/A)

It is not a direct promise to pay; but it is an undertaking, by the drawer, that the drawee shall accept and pay; and the drawer is answerable only when the drawee fails to pay. ❋ Andrew W. Young (N/A)

In any prosecution under this section, the making or drawing, or uttering or delivery of a check, draft, or order, payment of which is refused by the drawee because of lack of funds or credit, shall be prima facie evidence of intent to defraud and of knowledge ❋ Unknown (1932)

Page view page image: of insufficient funds in, or credit with such bank, banking institution, trust company, or other depository, unless such maker or drawer shall have paid the drawee thereof the amount due thereon, together with interest and protest fees, within five days after receiving notice that such check, draft, or order has not been paid to the drawee. ❋ Unknown (1932)

` The question arising on such paper (checks) between drawee and drawer, however, always relate to what the one has authorized the other to do. ❋ Unknown (1904)

But he knew that it would mortify his mother exceedingly, to learn that he was repaying Mr. Beach's kindness by taxing his purse; and he intended to stop the draft from going to the drawee, by payment of it. ❋ Unknown (1864)

He lead got his exchange - the buyer had got his bill and the money, too, - and the drawee was fully protected! ❋ Unknown (1853)

The set of minimum security features not only ensure uniformity across all cheque forms issued by banks in the country, but also help in scrutinizing cheques of drawee banks in an image-based processing scenario. ❋ Unknown (2010)

High service charges that can devastate the drawee and erodes the saving achieved when you order checks online ❋ Unknown (2008)

A qualified acceptance is when the drawee undertakes to pay the bill in any other manner than according to the tenor and eliect thereof. ❋ Williams, John, Of The Inner Temple (1812)

Or if, upon an offer of a conditional or par - tial acceptance by the drawee, the holder gives a general notice of non-acceptance, omitting to state sucli condi - tional or partial acceptance, the drawee will be released from all responsibility K In cases of accommodation-acceptances, it is advisable to have a written undertaking, or a counter - bill or note, from the drawer, in order to indemnity the acceptor. ❋ Williams, John, Of The Inner Temple (1812)

And if the drawee refuses to accept the bill, or absconds, or is incapa - ❋ Williams, John, Of The Inner Temple (1812)

If the drawee accepts more than one part, and such accepted parts are negotiated to difierent holders in due course, he is liable on every such part as if it were a separate bill. ❋ Unknown (1663)

The demand made and the answer given, if any, or the fact that the drawee or acceptor could not be found. ❋ Unknown (1663)

A bill must be protested at the place where it is dishonored, except that when a bill drawn pay - able at the place of business or residence of some pcrson | other than the drawee has been dishonored by non-accept ance it must be protested for non-payment at the place! where it is expressed to be payable, and no further pre-1 sentment for payment to, or demand on, the drawee iai necessary. ❋ Unknown (1663)

Where the drawee is dead presentment may be made to his personal representative; ❋ Unknown (1663)