Subjects:

Banking and Finance

Contents:

Nature, purpose and definition

Forms of bills and notes

Payee and drawee

Inchoate instruments

Inland and foreign bills and notes, bills in a set and copies

Capacity

Liability on a bill

Transfer and negotiation

Modes and requisites of transfer

Acceptance

Duties of holder as to acceptance

Presentment for payment

Discharge

Dishonour

Liabilities of parties

Rights of parties

Consideration

Alteration and forgery

The cheque: the paying bank's liabilities, the collecting bank

The promissory note

Conflict of laws

Procedure: Form of action, parties and summary judgment

Pleading and evidence

Damages, interest and costs

Limitation of actions

Lost bills and notes

Bill or note as payment

Payment made under a mistake

The law of principal and surety in its application to bills and notes

Insolvency of parties

First published in 1829, Byles on Bills of Exchange and Cheques explains the law relating to payment instruments and their use by banks and their customers. It provides a detailed narrative account of the law of bills of exchange, promissory notes and cheques, dealing with the law under the Bills of Exchange Act 1882, and its subsequent evolution, including the Cheques Acts 1957 and 1992.

This edition traces the development of the law through recent legislation and case law, bringing the reader up to date with the law as it stands today. It contains expanded sections on consideration, gaming, promissory notes and restitution. Developments such as the debate on dead money and the new Consumer Credit Act 2006 are considered in detail.

• Definitive analysis of the law of payment instruments
• Explains the key instruments, considering the associated pitfalls and complexities and providing advice for each stage of their use
• Completely updated to include developments such as money laundering, new consumer credit legislation and dead money issues
• Frequently cited in courts as an authority on the subject