单词 | Drawer |
释义 | 出票人 The person who makes (or draws), signs, and gives a negotiable instrument. The drawer of a bill engages by drawing it, that, on due presentment, it will be accepted and paid according to its tenor. Where, in a bill, drawer and drawee are the same person, the holder may treat the instrument, at his option, either as a bill of exchange or as a promissory note: s 5(2). No person is liable as drawer of a bill who has not signed it as such: s 23. The drawer engages that if the bill is dishonoured he will compensate the holder or any indorser who is compelled to pay it provided that the requisite proceedings on dishonour are duly taken: s 55(1)(a). The drawer is also thereby precluded from denying to a holder in due course the payee’s existence and capacity to indorse at the time of drawing: s 55(1)(b). See also Dishonour; Draw; Drawee; Holder; Indorser; Negotiable instrument; Sign. |
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