788 Ch. 31. No. 5.

 

Bills of exchange

PART II.
CHEQUES ON A BANKER,

73. A cheque is a bill of exchange drawn on a banker
pavable on demand.

Except as otherwise provided in this Part, the provisions
of this Ordinance appleable toa billof exchange payable on
demand apply to a cheque.

74. Subject to the provisions of this Ordinance

(a) where a cheque is not presented for payment
within a reasonable time of its issue, and the drawer
or the person on whose account it is drawn had the
right at the dime of such presentment as between him
and the banker to have the cheque paid and: suffers
actual damage through the delay, he is discharged to
the extent of such damage, that is to cay to the
xtent to which such drawer or person is a creditor
of such banker to a kurger amount than he would have
been had such cheque been pata,

(6) in determining what is a reasonable time, regard
shall be had to the nature of the instrument, the usage
of trade and of bankers, and the facts of the particular
“ase

(c) the holder of such cheque as to which such drawer
or person is discharged shall be a creditor, in eu of such
drawer or person, of such banker to the extent of such
discharge, and entitled to recover the amount from him.

Revoration 75. Vhe duty and authority of a banker to pay a cheque

vee drawn ou him by his customer are determined by—

(a) countermand of payment
(6) notice of the customer’s death.

Crossed cheque.
76. (1) Where a cheque bears across its face an addition
of—
(a) the words and company — or any abbreviation
thereof between two parallel transverse line., either
with or without the words not negotiable,” or