Post dating a cheque in uk


18-Jun-2020 07:28

As this is calculated based on transactions which have been previously paid, it does not include recent transactions which have not yet reached payable status.

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Where a bill, either originally or by indorsement, is expressed to be payable to the order of a specified person, and not to him or his order, it is nevertheless payable to him or his order at his option.

An instrument expressed to be payable on a contingency is not a bill, and the happening of the event does not cure the defect.

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A bill may be addressed to two or more drawees whether they are partners or not, but an order addressed to two drawees in the alternative or to two or more drawees in succession is not a bill of exchange.

A bill may be made payable to two or more payees jointly, or it may be made payable in the alternative to one of two, or one or some of several payees.

A bill may also be made payable to the holder of an office for the time being A bill is payable to order which is expressed to be so payable, or which is expressed to be payable to a particular person, and does not contain words prohibiting transfer or indicating an intention that it should not be transferable.

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