In the Bills of Exchange Act 1882, does it state, in principle, that an attempt to make payment discharges debt?
If it does please, would someone that is familiar with the Act cite the particular Section of the Act that states that.
Thanks
43 Dishonour by non-acceptance and its consequences
(1)A bill is dishonoured by non-acceptance—
(a)when it is duly presented for acceptance, and such an acceptance as is prescribed by this Act is refused or cannot be obtained; or
(b)when presentment for acceptance is excused and the bill is not accepted.
(2)Subject to the provisions of this Act when a bill is dishonoured by non-acceptance, an immediate right of recourse against the drawer and indorsers accrues to the holder, and no presentment for payment is necessary.
gerbil wrote:
Any bill raised by a crown agency (or other similar things such as council tax etc) should this bill raised to our PERSON be a bill under the BOE?
Also all bills raised by the utility companies are their bill's supposed to be a bill under the BOE act?
Or is any bill to our PERSON from any corporation supposed to be a bill under the BOE Act?
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