Mercantile Law Amendment Act 1878 (SA)

ANNO QUADRAGESIMO PRIM0 ET QUADRAGESIMO

SECUNDO

No. 100,

An Act to amend

The Mercantile Law Amendnler~t Act, 1861."

[,Assented to, 22nd October, 1878.1

HEREAS by The Mercantile Law Amendment Act, l861 ," Prea,l!ble.

\V it is enacted that " no acceptance of any Bill of Exchange,	whether inland or foreign,madc after the thirty-first day of December,
one thousand eight hundred arid sixty-one shall be sufficient to bind
OF charge any persnn, unless the same be in writing on such Bill, or,
if there be more than one part of such Bill on one of t11c said parts, and signed by the acceptor or some person duly authorised by
him ;" arid whereas doubts haw arisen as to the trnc cffect and intention of the said Act, and as to whether the signature of the drawee alone can constitutc a sufficient acceptance, SO as to satisfy the requiremcnts thereof-Re it therefore Enacted bp the Governor of the Provincc of South Australia, with the advice and consent of the Legislative Council and House of Assembly of the said province, ia this present Parliament assembled, as follows;

1. An acceptance of a Bill of Exchange is not, and shall not be o?hxettanp Si nature ucmstl aufi- Bill

deemed to be insufficient, under the provisions of the said Act, by ,i,,t.

reason only that such acceptance consists merely ~f the signature of

the drawee written on such Bill.

2. Nothing in this Act shall affect the validity or invalidity of any Not to affect judg- ments before passing

verdict or judgment recovered or given before the passing hereof. ,f Act.

3, This Act may be cited for all purposes as " The Mercantile Short titlc.

1-m Further Amendment Act, 187s."

In the name and on behalf of Her Majesty, I hereby- assent to

this Bill.

WM. F. DRUMMON D JERVOIS, Governor.

-_-- -p- -- -

-- -

-..P--

Adelaide : By authority, E. SPILLER, Acting Government Printer, North-terrace.