Bill Of Exchange in United States
Bill Of Exchange Definition
A written order from one person to another, directing the person to whom it is addressed to pay to a third person a certain sum of money therein named. Byles, Bills, 1. An unconditional order in writing addressed by one person to another, signed by the person giving it, and requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money to order or to bearer. N. Y. Neg. Inst. Law, § 210. A bill of exchange may be negotiable or nonnegotiable. If negotiable, it may be transferred either before or after acceptance. The person making the bill, called the drawer, is said to draw upon the person to whom it is directed, and undertakes impliedly to pay the amount with certain costs if he refuse to comply with the command. The drawee is not liable on the bill till after acceptance, and then becomes liable as principal to the extent of the terms of the acceptance ; while the drawer becomes liable to the payee and indorsee conditionally upon the failure of the acceptor to pay. The liabilities between indorsers and indorsees are subject to the same rules as those of indorsers and indorsees on promissory notes. Regularly, the drawee is the person to become acceptor; but other parties may accept, under special circumstances.
Bill Of Exchange in Foreign Legal Encyclopedias
| Link | Description |
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| Bill Of Exchange | Bill Of Exchange in the World Legal Encyclopedia. |
| Bill Of Exchange | Bill Of Exchange in the European Legal Encyclopedia. |
| Bill Of Exchange | Bill Of Exchange in the Asian Legal Encyclopedia. |
| Bill Of Exchange | Bill Of Exchange in the UK Legal Encyclopedia. |
| Bill Of Exchange | Bill Of Exchange in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Bill Of Exchange
Scan Bill Of Exchange in the appropriate area of law:
| Link | Description |
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| Bill Of Exchange | Bill Of Exchange in the Family Law Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the IP Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Commercial Law Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Criminal Law Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Antritrust Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Tax Law Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Bill Of Exchange | Bill Of Exchange in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
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| Bill Of Exchange in the Dictionaries | Bill Of Exchange in our legal dictionaries |
| http://lawi.us/bill-of-exchange | The URI of Bill Of Exchange (more about URIs) |
| Bill Of Exchange related entries | Find related entries of Bill Of Exchange |
Legal Issue for Attorneys
A written order from one person to another, directing the person to whom it is addressed to pay to a third person a certain sum of money therein named. Byles, Bills, 1. An unconditional order in writing addressed by one person to another, signed by the person giving it, and requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money to order or to bearer. N. Y. Neg. Inst. Law, § 210. A bill of exchange may be negotiable or nonnegotiable. If negotiable, it may be transferred either before or after acceptance. The person making the bill, called the drawer, is said to draw upon the person to whom it is directed, and undertakes impliedly to pay the amount with certain costs if he refuse to comply with the command. The drawee is not liable on the bill till after acceptance, and then becomes liable as principal to the extent of the terms of the acceptance ; while the drawer becomes liable to the payee and indorsee conditionally upon the failure of the acceptor to pay. The liabilities between indorsers and indorsees are subject to the same rules as those of indorsers and indorsees on promissory notes. Regularly, the drawee is the person to become acceptor; but other parties may accept, under special circumstances.
Notice
This definition of Bill Of Exchange is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Bill of Exchange in the International Business Landscape
Definition of Bill of Exchange in the context of U.S. international business and public trade policy: An order written by an exporter instructing an importer, or an importer’s agent, to pay a specific amount of money at a specified time.
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