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Free Books / Finance / Canadian Banking Practice / |  |
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Use Of Abbreviation "Ltd." On Bill Of Exchange Given By An Incorporated Company |
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This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 25. - If an incorporated company signed paper, i.e., notes, drafts, or cheques, with the word "limited" abbreviated so as to read "Ltd.," would the said paper be in any way invalidated?
Answer. - Such an abbreviation would in our opinion in no way affect the company's liability on the paper.
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