Bank of Ireland Situation - Advice Please

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Re: Bank of Ireland Situation - Advice Please

Postby huntingross » Sun Jun 07, 2009 4:13 pm

Ok Liveguy....I had a light bulb moment at 1.30am this morning and found what appears to be the thing worth shouting from the roof tops....

Check the Bills of Exchange Act 1882 S7 (3) - I quote :

Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer.


A fictitious person is of course a corporation or artificial person.

This as far as I can see is the mutts nuts and is possibly way beyond the difficulties with A4V....I'm hoping to try this next week, with a bill....OR I might arrange to meet the bank manager and break him into it....to save arguing with someone behind the counter 'just doing their job'.

Effectively you pay the bill into your account having torn off the slip....then you fill the slip in and pay it to the company with a cheque drawn against your account....nett effect to your account....ZERO.
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Re: Bank of Ireland Situation - Advice Please

Postby Liveguy » Tue Jun 09, 2009 10:32 am

Hey,

Sounds good. I will be sifting through the Bills of Exchange Act later on today so I hope I can understand it, lol.
I am trying to figure out a few things myself on my end here in Ireland. I will update the forum if and when
I find something but you may be for sure onto something.

Let me know how you are getting on with it.
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Re: Bank of Ireland Situation - Advice Please

Postby huntingross » Tue Jun 09, 2009 5:33 pm

Had a niggle about this today...I still need to check something out....I think there is another part to the puzzle....frustrating, cos I thought that was it....
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