LawgistThe Negotiable Instruments Act
85ADrafts drawn by one branch of a bank on another payable to order
1[85A. Drafts drawn by one branch of a bank on another payable to order.--where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or on behalf of the payee, the bank is discharged by payment in due course.]
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1. Ins. by Act 25 of 1930, s. 2.
OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
- 82 Discharge from liability
- 83 Discharge by allowing drawee more than forty-eight hours to accept
- 84 When cheque not duly presented and drawer damaged thereby
- 85 Cheque payable to order
- 85A Drafts drawn by one branch of a bank on another payable to order
- 86 Parties not consenting discharged by qualified or limited acceptance
- 87 Effect of material alteration
- 88 Acceptor or indorser bound notwithstanding previous alteration
- 89 Payment of instrument on which alteration is not apparent
- 90 Extinguishment of rights of action on bill in acceptor's hands
