How To Use Drawee In A Sentence
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` The question arising on such paper (checks) between drawee and drawer, however, always relate to what the one has authorized the other to do.
Forty Centuries of Ink
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He lead got his exchange - the buyer had got his bill and the money, too, - and the drawee was fully protected!
The flush times of Alabama and Mississippi : a series of sketches,
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The defendant stopped the cheque, which was accordingly dishonoured by the drawee bank.
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But he knew that it would mortify his mother exceedingly, to learn that he was repaying Mr. Beach's kindness by taxing his purse; and he intended to stop the draft from going to the drawee, by payment of it.
Master William Mitten: or, A Youth of Brilliant Talents, Who Was Ruined by Bad Luck
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In the first place, he instructs the drawee to honour the bill.
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Page view page image: of insufficient funds in, or credit with such bank, banking institution, trust company, or other depository, unless such maker or drawer shall have paid the drawee thereof the amount due thereon, together with interest and protest fees, within five days after receiving notice that such check, draft, or order has not been paid to the drawee.
The code of the city of Charlottesville, Virginia
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In the first place, he instructs the drawee to honour the bill.
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Braudel, p. 368, distinguishes four possible handlers in a bill's life course, the purchaser, the drawer, the bearer, and the drawee who would accept the bill (or not, which might give rise to protests or a lawsuit).
Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier
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Secondly, he undertakes that, on due presentment of the bill to the drawee, it will be duly accepted (where acceptance is needed) and paid.
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If, when a bill is presented to the drawee, he agrees to pay it, he is said to _accept_ the bill, and writes his acceptance upon it.
The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
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This so-called "truncation" of the collection process calls for a redefinition of the duties incumbent on the holder and collecting and drawee banks and have been specifically addressed in the proposed legislation.
ANC Daily News Briefing
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It simply remits the cheque to the drawee bank through the clearing house, and transmits an advice of the receipt of the cheque to the collecting bank.
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The holder shall authorize the holder's bank to collect the payment or directly make presentment to the drawee for payment within the time limit for presentment for payment.
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This person ( the buyer ) is known as the drawee.
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The concept gives a payee a direct right of recourse against the drawee bank, although if there are no funds then generally the drawee does not have to pay.
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It is not a direct promise to pay; but it is an undertaking, by the drawer, that the drawee shall accept and pay; and the drawer is answerable only when the drawee fails to pay.
The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
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In any prosecution under this section, the making or drawing, or uttering or delivery of a check, draft, or order, payment of which is refused by the drawee because of lack of funds or credit, shall be prima facie evidence of intent to defraud and of knowledge
The code of the city of Charlottesville, Virginia
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No precise time is fixed by law at which bills payable at sight or a certain number of days after sight, must be presented to the drawee for acceptance; though an unreasonable delay might discharge the drawer.
The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
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The drawee who receives notice to stop payment of the lost instrument shall suspend its payment.
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The bank giro credit, which is delivered to the drawee bank and not to the payee, is payable as soon as the drawee, viz. the originator's bank, can make payment.
