Lawgist7''Drawer.'
The maker of a bill of exchange or cheque is called the drawer; the person thereby directed to pay is called the drawee.
"Drawee in case of need". -- When in the Bill or in any indorsement thereon the name of any person is given in addition to the drawee to be resorted to in case of need such person is called a "drawee in case of need".
"Acceptor". -- After the drawee of a bill has signed his assent upon the bill, or, if there are more parts thereof than one, upon one of such parts, and delivered the same, or given notice of such signing to the holder or to some person on his behalf, he is called the "acceptor".
"Acceptor for honour". -- 1[When a bill of exchange has been noted or protested for non-acceptance or for better security,] and any person accepts it supra protest for honour of the drawer or of any one of the indorsers, such person is called an "acceptor for honour".
"Payee". -- The person named in the instrument, to whom or to whose order the money is by the instrument directed to be paid, is called the "payee".
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1. Subs. by Act 2 of 1885, s. 2, for When acceptance is refused and the bill is protested for non -acceptance.
- 4 ''Promissory note''
- 5 ''Bill of exchange''
- 6 ''Cheque''
- 7 ''Drawer.'
- 8 ''Holder''
- 9 ''Holder in due course''
- 10 ''Payment in due course''
- 11 Inland instrument
- 12 Foreign instrument
- 13 ''Negotiable instrument''
- 14 Negotiation
- 15 Indorsement
- 16 Indorsement ''in blank'' and ''in full''
- 17 Ambiguous instruments
- 18 Where amount is stated differently in figures and words
- 19 Instruments payable on demand
- 20 Inchoate stamped instruments
- 21 ''At sight''
- 22 ''Maturity''
- 23 Calculating maturity of bill or note payable so many months after date or sight
- 24 Calculating maturity of bill or note payable so many days after date or sight
- 25 When day of maturity is a holiday
