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Free Books / Society / Law / Bills And Notes, Guaranty And Suretyship, Insurance, Bankruptcy / | ![]() |
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Section 15. Who May Accept |
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This section is from the book "Popular Law Library Vol9 Bills And Notes, Guaranty And Suretyship, Insurance, Bankruptcy", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
Except in the case of an acceptance supra protest, the acceptance must be made by the drawee of the bill, and acceptance by any other person is not permitted under the law merchant.18 An acceptance by the successer of an official upon whom a bill is drawn is not binding.17
6 Riggs vs. Lindsay, 7 Cranch (U.
S.), 500.
7 Prehn vs. Royal Barb L. R., 5
Exch., 92.
8 Matter of Babcock, 3 Story (U.
S.), 399; Divereey vs. Moar, 22
I11., 331; 74 Am. Dec, 157;
Marsh vs. Law, 55 Ind., 271. 9 Capital City Ins. Co. vs. Quinn, 73 Ala., 558. 10 Jarvis vs. Wilson, 46 Conn., 90;
33 Am. Rep., 18.
11 Bank of Commerce vs. Union Bank, 3 N. Y., 230. 12 Ward vs. Allen, 2 Met. (Mass.), 53. 13 Drayton vs. Dale, 2 B. & C, 293;
9 E. C. L., 91. 14 Belknap vs. Davis, 19 Me., 455. 15 Byrd vs. Arkansas, 7 Ark., 321;
Gillihan vs. Myers, 31 I11., 525. 16 May vs. Kelly, 27 Ala., 477;
Heevan vs. Nash, 8 Minn., 407;
83 Am. Dec, 790.
Where 'several drawees are named in a bill it may be accepted by any one .of the number,18 and the same is true when a bill is addressed to two persons in the alternative.19 An acceptance can be made by an agent, but there is some doubt, in such cases, as to whether the payee is bound to receive such an acceptance.
 
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