United States or Guernsey ? Vote for the TOP Country of the Week !
If I draw this bill where I have no reason to draw it, where I have no demand, or no effects to answer it, or if I give my correspondent no advice of it, I abuse the remitter, that is, the man whose money I take, and this reflects upon my credit that am the drawer, and the next time this tradesman wants money at Bristol fair, he will not come to me.
The bars of the lattice shook; the old man peered out. “Don’t touch my house, you vagabond! Move on!” he cried. Calcol had turned to Simon, who was raising the cross. “Carry it for him,” he commanded. Baba Barbulah still shook at the lattice. “Move on!” he repeated. “Seducer of the people, remitter of sins, upholder of adultery, move on; don’t touch my house, it will fall down on you!
This has been controverted, I know, in some cases, but I have always found, that by the most experienced merchants, and especially in places of the greatest business abroad, it was always given in favour of the remitter, namely, that the right of guiding the payment is in him, all the time the bill is running; and no bill can or ought to be paid before it is due, without the declared assent of the remitter, signified under his hand, and attested by a public notary.
In a country where paper currency is largely in vogue people often send money by post in the form of notes in unregistered letters, trusting to the thin note not being observed. Many such notes get stolen by the train-sorters. Even sending half notes is not always a security, if the remitter does not take the precaution of waiting to hear of the safe arrival of the first half.
That if a man pays a bill of exchange before it is due, though he had accepted it, if the man to whom it was payable proves a bankrupt after he has received the money, and yet before the bill becomes due, the person who voluntarily paid the money before it was due, shall be liable to pay it again to the remitter; for as the remitter delivered his money to the drawer, in order to have it paid again to such person as he should order, it is, and ought to be, in his power to divert the payment by altering the bill, and make it payable to any other person whom he thinks fit, during all the time between the acceptance and the day of payment.
Word Of The Day