国际结算Chpter 2.12.2-Instrument (bill of exchange)-2.pptVIP

Chapter 2 2.2.3 Legal Acts of Bills of Exchange 2) the effects of the issue 2. Endorsement 2) five types of endorsement (3) Restrictive endorsement (4) Conditional endorsement the endorsement with some additional conditions or instructions “Pay to Y or order upon his delivery of goods” Or: “Pay to Y without recourse to me” X (signature) (5) Endorsement for collection endorsee is for commission and endorser is just for his funds “Pay to Y Bank for Collection” X (signature) 3) the effects of the endorsement 3. presentation 4. acceptance 3) two types of the acceptance 2) qualified acceptance ② qualified acceptance as to time ④ local acceptance 5. payment 6. Dishonor a failure or refusal of acceptance on or payment of a bill of exchange when presented (1) Notice of dishonor an advising act taken by the holder to his all prior parties about the dishonor if the holder gives the notice of dishonor to his prior endorser only, the latter should do so in quick succession, doing so till it is given to the drawer ①effect in favour of preparing the refund for prior parties ②the time limitation the notice of dishonour may be given in writing or in words, but must be given by or on behalf of the holder or an endorsee on the next business day after the dishonour of the bill ③ otherwise the holder shall be discharged of his own right of recourse against the drawer and his prior endorsers (2)Protest is a written certificate under seal drawn up and signed by a Notary Public (legal) or court or banking associations or other authorized person in the dishonor place for the purpose to giving evidence that a bill of exchange has been presented by him for acceptance or for payment but dishonored ①effect to prove that the holder has carried out his titles of the bill of exchange but it is dishonored , as a result the holder can exert