Search Legislation

Bills of Exchange Act 1882

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to Bills of Exchange Act 1882. Those changes will be listed when you open the content using the Table of Contents below. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

  1. Introductory Text

  2. Part I Preliminary

    1. 1. Short title.

    2. 2. Interpretation of terms.

  3. Part II Bills of Exchange

    1. Form and Interpretation

      1. 3. Bill of exchange defined.

      2. 4. Inland and foreign bills.

      3. 5. Effect where different parties to bill are the same person.

      4. 6. Address to drawee.

      5. 7. Certainty required as to payee.

      6. 8. What bills are negotiable.

      7. 9. Sum payable.

      8. 10. Bill payable on demand.

      9. 11. Bill payable at a future time.

      10. 12. Omission of date in bill payable after date.

      11. 13. Ante-dating and post-dating.

      12. 14. Computation of time of payment.

      13. 15. Case of need.

      14. 16. Optional stipulations by drawer or indorser.

      15. 17. Definition and requisites of acceptance.

      16. 18. Time for acceptance.

      17. 19. General and qualified acceptances.

      18. 20. Inchoate instruments.

      19. 21. Delivery.

    2. Capacity and Authority of Parties

      1. 22. Capacity of parties.

      2. 23. Signature essential to liability.

      3. 24. Forged or unauthorised signature.

      4. 25. Procuration signatures.

      5. 26. Person signing as agent or in representative capacity.

    3. The Consideration for a Bill

      1. 27. Value and holder for value.

      2. 28. Accommodation bill or party.

      3. 29. Holder in due course.

      4. 30. Presumption of value and good faith.

    4. Negotiation of Bills

      1. 31. Negotiation of bill.

      2. 32. Requisites of a valid indorsement.

      3. 33. Conditional indorsement.

      4. 34. Indorsement in blank and special indorsement.

      5. 35. Restrictive indorsement.

      6. 36. Negotiation of overdue or dishonoured bill.

      7. 37. Negotiation of bill to party already liable thereon.

      8. 38. Rights of the holder.

    5. General Duties of the Holder

      1. 39. When presentment for acceptance is necessary.

      2. 40. Time for presenting bill payable after sight.

      3. 41. Rules as to presentment for acceptance, and excuses for non-presentment.

      4. 42. Non-acceptance.

      5. 43. Dishonour by non-acceptance and its consequences.

      6. 44. Duties as to qualified acceptances.

      7. 45. Rules as to presentment for payment.

      8. 46. Excuses for delay or non-presentment for payment.

      9. 47. Dishonour by non-payment.

      10. 48. Notice of dishonour and effect of non-notice.

      11. 49. Rules as to notice of dishonour.

      12. 50. Excuses for non-notice and delay.

      13. 51. Noting or protest of bill.

      14. 52. Duties of holder as regards drawee or acceptor.

    6. Liabilities of Parties

      1. 53. Funds in hands of drawee.

      2. 54. Liability of acceptor.

      3. 55. Liability of drawer or indorser.

      4. 56. Stranger signing bill liable as indorser.

      5. 57. Measure of damages against parties to dishonoured bill.

      6. 58. Transferor by delivery and transferee.

    7. Discharge of Bill

      1. 59. Payment in due course.

      2. 60. Banker paying demand draft whereon indorsement is forged.

      3. 61. Acceptor the holder at maturity.

      4. 62. Express waiver.

      5. 63. Cancellation.

      6. 64. Alteration of bill.

    8. Acceptance and Payment for Honour

      1. 65. Acceptance for honour supra protest.

      2. 66. Liability of acceptor for honour.

      3. 67. Presentment to acceptor for honour.

      4. 68. Payment for honour supra protest.

    9. Lost Instruments

      1. 69. Holder’s right to duplicate of lost bill.

      2. 70. Action on lost bill.

    10. Bill in a Set

      1. 71. Rules as to sets.

    11. Conflict of Laws

      1. 72. Rules where laws conflict.

  4. Part III Cheques on a Banker

    1. 73. Cheque defined.

    2. 74. Presentment of cheque for payment.

    3. 74A. Presentment of cheque for payment: alternative place of presentment.

    4. 74B. Presentment of cheque for payment: alternative means of presentment by banker

    5. 74C.Cheques presented for payment under section 74B: disapplication of section 52(4).

    6. 75. Revocation of banker’s authority.

    7. 75A.(1) On the countermand of payment of a cheque, the...

    8. Crossed Cheques

      1. 76. General and special crossings defined.

      2. 77. Crossing by drawer or after issue.

      3. 78. Crossing a material part of cheque.

      4. 79. Duties of banker as to crossed cheques.

      5. 80. Protection to banker and drawer where cheque is crossed.

      6. 81. Effect of crossing on holder.

      7. 81A.Non-transferable cheques.

      8. 82.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  5. Part IV Promissory Notes

    1. 83. Promissory note defined.

    2. 84. Delivery necessary.

    3. 85. Joint and several notes.

    4. 86. Note payable on demand.

    5. 87. Presentment of note for payment.

    6. 88. Liability of maker.

    7. 89. Application of Part II to notes.

  6. Part V Supplementary

    1. 90. Good faith.

    2. 91. Signature.

    3. 92. Computation of time.

    4. 93. When noting equivalent to protest.

    5. 94. Protest when notary not accessible.

    6. 95. Dividend warrants may be crossed.

    7. 96.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    8. 97. Savings.

    9. 98. Saving of summary diligence in Scotland.

    10. 99. Construction with other Acts, &c.

    11. 100. Parole evidence allowed in certain judicial proceedings in Scotland.

  7. SCHEDULES

    1. FIRST SCHEDULE

      1. Form of protest which may be used when the services...

      2. Know all men that I, A.B. [householder], of in the...

      3. (Signed) A.B.

      4. G.H. Witnesses.

      5. J.K.

      6. N.B.—The bill itself should be annexed, or a copy of...

    2. SECOND SCHEDULE

      1. . . . . . . . . . ....

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enactedversion that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources