Canadian Bills of Exchange Act

7/31/2019 Canadian Bills of Exchange Act

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Current to September 19, 2012

Last amended on April 20, 2007

jour au 19 septembre 2012

Dernire modification le 20 avril 2007

Published by the Minister of Justice at the following address:http://laws-lois.justice.gc.ca

Publi par le ministre de la Justice ladresse suivante :http://lois-laws.justice.gc.ca

CANADA

CONSOLIDATION

Bills of Exchange Act

CODIFICATION

Loi sur les lettres dechange

R.S.C., 1985, c. B-4 L.R.C., 1985, ch. B-4


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OFFICIAL STATUSOF CONSOLIDATIONS

CARACTRE OFFICIELDES CODIFICATIONS

Subsections 31(1) and (2) of the LegislationRevision and Consolidation Act, in force onJune 1, 2009, provide as follows:

Les paragraphes 31(1) et (2) de la Loi sur larvision et la codification des textes lgislatifs,en vigueur le 1er juin 2009, prvoient ce quisuit:

Publishedconsolidation isevidence

31. (1) Every copy of a consolidated statute orconsolidated regulation published by the Ministerunder this Act in either print or electronic form is ev-idence of that statute or regulation and of its contentsand every copy purporting to be published by theMinister is deemed to be so published, unless thecontrary is shown.

31. (1) Tout exemplaire d'une loi codifie ou d'unrglement codifi, publi par le ministre en vertu dela prsente loi sur support papier ou sur support lec-tronique, fait foi de cette loi ou de ce rglement et deson contenu. Tout exemplaire donn comme publi

par le ministre est rput avoir t ainsi publi, saufpreuve contraire.

Codificationscomme lmentde preuve

Inconsistenciesin Acts

(2) In the event of an inconsistency between aconsolidated statute published by the Minister underthis Act and the original statute or a subsequentamendment as certified by the Clerk of the Parlia-ments under thePublication of Statutes Act, the orig-inal statute or amendment prevails to the extent ofthe inconsistency.

(2) Les dispositions de la loi d'origine avec sesmodifications subsquentes par le greffier des Parle-ments en vertu de la Loi sur la publication des loisl'emportent sur les dispositions incompatibles de laloi codifie publie par le ministre en vertu de la pr-sente loi.

Incompatibilit lois

NOTE NOTE

This consolidation is current to September 19, 2012.The last amendments came into force onApril 20, 2007. Any amendments that were not inforce as of September 19, 2012 are set out at the endof this document under the heading Amendments

Not in Force.

Cette codification est jour au 19 septembre 2012.Les dernires modifications sont entres en vigueurle 20 avril 2007. Toutes modifications qui n'taient

pas en vigueur au 19 septembre 2012 sont nonces la fin de ce document sous le titre Modificationsnon en vigueur .


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TABLE OF PROVISIONS TABLE ANALYTIQUE

Section Page Article Page

An Act relating to bills of exchange,cheques and promissory notes

Loi concernant les lettres de change, leschques et les billets ordre ou au

porteur

SHORT TITLE 1 TITRE ABRG 1

1 Short title 1 1 Titre abrg 1

INTERPRETATION 1 DFINITIONS 1

2 Definitions 1 2 Dfinitions 1

PART I

GENERAL 2

PARTIE I

DISPOSITIONS GNRALES 2

3 Thing done in good faith 2 3 Bonne foi 24 Signature 2 4 Signature 25 What required of corporation 2 5 Signature dune personne morale 2

6 Computation of time 2 6 Dlais de moins de trois jours 27 Crossing dividend warrants 3 7 Barrement des mandats de dividendes 38 Bank Act not affected 3 8 Loi sur les banques 39 Common law of England 3 9 Application de la common law

dAngleterre 310 Protest evidence 3 10 Valeur probante du prott 311 Copy of protest, evidence 3 11 Valeur probante de documents notaris 312 Officer of bank not to act as notary 4 12 Interdiction un employ de banque

dagir comme notaire 413 Purchase of patent right 4 13 Marquage des effets servant lachat

dun brevet 414 Transferee to take with equities 4 14 Responsabilit du cessionnaire 415 Offence and punishment 4 15 Infraction et peine 4

PART II

BILLS OF EXCHANGE 5

PARTIE II

LETTRES DE CHANGE 5

FORMAND INTERPRETATIONOF BILL 5 FORMEDELALETTREETINTERPRTATION 5

16 Bill of exchange 5 16 Lettre de change 517 Instrument payable on contingency 5 17 Paiement lors dune ventualit 518 Payee, drawer or drawee 5 18 Preneur, tireur ou tir 519 Drawee to be named 6 19 Dsignation du tir 620 Transfer words 6 20 Ngociabilit 621 Bill payable to order 6 21 Lettre payable ordre 622 When payable on demand 6 22 Lettre payable sur demande 623 Determinable future time 7 23 Lettre payable un dlai fixer

ventuellement 724 Inland bill 7 24 Lettre intrieure 725 Bill or note 7 25 Lettre ou billet 726 Valid bill 7 26 Validit dune lettre 727 Sum certain 7 27 Somme prcise 728 True date presumption 8 28 Prsomption de la date vritable 829 Undated bill payable after date 8 29 Lettre non date payable dlai de date 830 Perfecting bill 8 30 Effet sign en blanc 8


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Bills of Exchange September 19, 2012

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31 When completed 9 31 Opposabilit de leffet complt 932 Referee in case of need 9 32 Recommandataire 933 Stipulations 9 33 Clauses 9

ACCEPTANCE 9 ACCEPTATION 9

34 Acceptance 9 34 Acceptation 935 Acceptance 9 35 Acceptation 936 Acceptance 10 36 Acceptation 1037 Kinds 10 37 Formes dacceptation 10

DELIVERY 10 LIVRAISON 10

38 When acceptance complete 10 38 Irrvocabilit de lacceptation 1039 Requisites 11 39 Formalits 1140 Parting with possession 11 40 Prsomption de livraison 11

COMPUTATIONOF TIME, NON-JURIDICALDAYSAND DAYSOF GRACE 11

CHANCEDESLETTRES 11

41 Computation of time 11 41 Jours de grce 1142 Non-juridical days 11 42 Jours fris 1143 Time of payment 12 43 Dtermination de lchance 1244 Sight bill 12 44 Acceptation, note ou prott 1245 Due date 12 45 Dlais mensuels 12

CAPACITYAND AUTHORITYOF PARTIES 13 CAPACITETHABILITDESPARTIES 13

46 Capacity of parties 13 46 Capacit des parties 1347 Effect of disability on holder 13 47 Incapacit dune partie 1348 Forgery 13 48 Signature contrefaite ou non autorise 1349 Recovery of amount paid on forged

endorsement 1449 Recouvrement en cas dendossement

irrgulier dune lettre 1450 Procuration signatures 14 50 Signature par procuration 14

51 Signing in representative capacity 14 51 Signature pour le compte dautrui 14CONSIDERATION 15 CAUSE 15

52 Valuable consideration 15 52 Titre onreux 1553 Holder for value 15 53 Dtenteur titre onreux 1554 Accommodation bill 15 54 Effet de complaisance 15

HOLDERIN DUE COURSE 15 DTENTEURRGULIER 15

55 Holder in due course 15 55 Dtenteur rgulier 1556 Right of subsequent holder 16 56 Droits du dtenteur subsquent 1657 Presumption of value 16 57 Prsomption 1658 Usurious consideration 16 58 Cause usuraire 16

NEGOTIATION 17 NGOCIATION 17

59 By transfer 17 59 Par transfert 1760 Without endorsement 17 60 Sans endossement 1761 Endorsing 17 61 Endos 1762 Signature sufficient 17 62 Endossement avec signature seulement 1763 Misspelling payees name 18 63 Dsignation errone 1864 Presumption as to order of endorsement 18 64 Prsomption quant lordre des

endossements 18


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Lettres de change 19 septembre 2012

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65 Disregarding condition 18 65 Endossement conditionnel 1866 Endorsement 18 66 Endossement 1867 Restrictive endorsement 18 67 Endossement restrictif 1868 When negotiability ceases 19 68 Fin de la ngociabilit 19

69 Overdue bill 19 69 Lettre chue 1970 Presumption 19 70 Prsomption 1971 Taking bill with notice of dishonour 19 71 Rception dune lettre non chue et

refuse 1972 Reissue of bill 20 72 Remise en circulation 20

RIGHTSAND POWERSOF HOLDER 20 DROITSETPOUVOIRSDUDTENTEUR 20

73 Rights and powers of holder 20 73 Droits et pouvoirs du dtenteur 20

PRESENTMENTFORACCEPTANCE 20 PRSENTATIONLACCEPTATION 20

74 When presentment for acceptancenecessary 20

74 Prsentation ncessaire 20

75 Presentment excused 20 75 Prsentation avec retard 20

76 Sight bill 21 76 Lettre vue 2177 Rules for presenting for acceptance 21 77 Rgles 2178 Excuses 21 78 Dispenses 2179 Time for acceptance 22 79 Dlai dacceptation 2280 Dishonour by non-acceptance 22 80 Refus dacceptation 2281 Recourse 22 81 Recours 2282 Qualified acceptance 23 82 Acceptation restreinte 2383 Qualified acceptance without authority 23 83 Acceptation restreinte sans autorisation 23

PRESENTMENTFORPAYMENT 23 PRSENTATIONAUPAIEMENT 23

84 Necessity for presentment 23 84 Obligation 2385 Time for presentment 23 85 Date 2386 By and to whom 23 86 Par qui et qui 23

87 Proper place for presentment 24 87 Lieu de prsentation 2488 Sufficient presentment 24 88 Prsentation suffisante 2489 Presentment at post office 24 89 Imprcision du lieu de paiement 2490 Delay in presentment 25 90 Prsentation tardive 2591 When presentment is dispensed with 25 91 Dispense de prsentation 2592 When no place specified 25 92 Absence de lieu de paiement 2593 Time for presentment 26 93 Dlai de prsentation 2694 Dishonour by non-payment 26 94 Dfaut de paiement sur prsentation 26

NOTICEOF DISHONOUR 26 AVISDEREFUS 26

95 Notice of dishonour 26 95 Ncessit de lavis 2696 Conditions for validity of notice 27 96 Conditions de validit de lavis 2797 How notice given 27 97 Modalits de lavis 27

98 Form of notice 27 98 Forme du refus 2799 Notice by agent 28 99 Avis par mandataire 28100 Notice to antecedent parties 28 100 Avis aux parties antrieures 28101 Benefit of notice 28 101 Bnficiaires de lavis de refus 28102 How notice addressed 28 102 Modalits de lavis 28103 Miscarriage in post service 29 103 Perte de courrier 29104 Excuse for delay 29 104 Retard excus 29105 Notice dispensed with 29 105 Dispense 29


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106 Dispensing with notice re drawer 29 106 Dispense lgard du tireur 29107 Dispensing with notice re endorser 30 107 Dispense lgard de lendosseur 30

PROTEST 30 PROTT 30

108 Necessity of protest 30 108 Prott facultatif 30109 Protest dispensed with 30 109 Dispense 30110 Delay excused 30 110 Retard excus 30111 Foreign bill, non-acceptance 30 111 Lettre trangre : faute dacceptation 30112 Protest of inland bill 31 112 Prott dune lettre intrieure 31113 Protest unnecessary 31 113 Prott facultatif 31114 Subsequent protest for non-payment 31 114 Prott ultrieur faute de paiement 31115 Protest for better security 31 115 Prott pour plus ample garantie 31116 Acceptance for honour 31 116 Acceptation par intervention 31117 Noting equivalent to protest 31 117 Formalit tablissant prott 31118 Protest on day of dishonour 31 118 Prott le jour du refus 31119 Protest on copy or particulars 32 119 Prott sur copie ou dtails 32120 Place of protest 32 120 Lieu du prott 32

121 Contents of protest 32 121 Contenu du prott 32122 When notary not accessible 32 122 Prott en labsence dun notaire 32123 Expense 32 123 Frais 32124 Forms 33 124 Modles 33125 How notice of protest given 33 125 Modalits de lavis de prott 33

LIABILITIESOF PARTIES 33 OBLIGATIONSDESPARTIES 33

126 Equitable assignment 33 126 Non-transfert de fonds 33127 Engagement by acceptance 33 127 Engagement par acceptation 33128 Estoppel 33 128 Droits refuss laccepteur 33129 Drawer 34 129 Obligations du tireur 34130 Liability by signature 34 130 Effet de la signature 34131 Trade-name or assumed name 34 131 Nom commercial ou demprunt 34

132 Endorser 34 132 Obligations de lendosseur 34133 Measure of damages 35 133 Montant des dommages-intrts 35134 Recovery of damages 35 134 Recouvrement des dommages-intrts 35135 Re-exchange and interest 35 135 Rechange et intrts 35136 Transferor by delivery 35 136 Cdant par livraison 35137 Warranty by transferor 35 137 Garantie 35

DISCHARGEOF BILL 36 LIBRATION 36

138 Payment 36 138 Paiement 36139 Payment by drawer or endorser 36 139 Paiement par le tireur ou lendosseur 36140 Acceptor holding at maturity 36 140 Accepteur devenu dtenteur lchance 36141 Renouncing rights 36 141 Renonciation 36142 Cancellation of bill 37 142 Annulation dune lettre 37143 Unintentional cancellation 37 143 Annulation non intentionnelle 37144 Alteration of bill 37 144 Altration dune lettre 37145 Material alteration 37 145 Altrations 37

ACCEPTANCEAND PAYMENTFORHONOUR 38 ACCEPTATIONETPAIEMENTPARINTERVENTION 38

146 Acceptance for honour under protest 38 146 Acceptation par intervention ou sousprott 38


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147 In part 38 147 Intervention partielle 38148 Deemed to be for honour of drawer 38 148 Prsomption en faveur du tireur 38149 Maturity of after-sight bill 38 149 chance des lettres un certain dlai de

vue 38

150 Requirements 38 150 Conditions 38151 Liability of acceptor for honour 38 151 Engagement de lintervenant 38152 Payment for honour under protest 39 152 Paiement par intervention 39153 Attestation of payment for honour 39 153 Attestation du paiement par intervention 39154 Discharge and subrogation 39 154 Libration et subrogation 39

LOST INSTRUMENTS 40 EFFETSPERDUS 40

155 Holder to have duplicate of lost bill 40 155 Copie dune lettre perdue 40156 Action on lost bill 40 156 Action sur une lettre perdue 40

BILLINA SET 40 PLURALITDEXEMPLAIRES 40

157 Bills in set 40 157 Lettre unique malgr la pluralit 40158 Endorsing more than one part 40 158 Endossement de plusieurs exemplaires 40

CONFLICTOF LAWS 41 CONFLITDELOIS 41

159 Requisites of form 41 159 Modalits 41160 Law applicable 41 160 Droit du lieu 41161 Law as to duties of holder 41 161 Obligations du dtenteur 41162 Currency 42 162 Monnaie 42163 Due date 42 163 Date dchance 42

OFFICIAL IMAGESAND ELECTRONICPRESENTMENT 42

IMAGEOFFICIELLEETPRSENTATIONLECTRONIQUE 42

163.1 Definitions 42 163.1 Dfinitions 42163.2 Status of official image 42 163.2 Statut de limage officielle 42163.3 Electronic presentment 42 163.3 Prsentation lectronique 42

163.4 Presumption 43 163.4 Preuve 43163.5 Effect of destruction 43 163.5 Effet de la destruction 43163.6 Warranty 43 163.6 Garantie 43

PART III

CHEQUES ON A BANK 44

PARTIE III

CHQUES SUR UNE BANQUE 44

164 Definition of bank 44 164 Dfinition de banque 44165 Cheque 44 165 Dfinition de chque 44166 Presentment for payment 44 166 Prsentation au paiement 44167 Authority to pay 45 167 Autorisation de payer 45

CROSSED CHEQUES 45 CHQUESBARRS 45

168 Crossed generally 45 168 Barrement gnral 45

169 By drawer 45 169 Par le tireur 45170 Material part 46 170 Partie intgrante 46171 Crossed to more than one bank 46 171 Barrement au nom de plus dune banque 46172 Liability for improper payment 46 172 Responsabilit pour paiement irrgulier 46173 Protection in such case 47 173 Protection de la banque 47174 Not negotiable cross 47 174 Marque non ngociable 47175 Customer without title 47 175 Client sans titre 47


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PART IV

PROMISSORY NOTES 47

PARTIE IV

BILLETS 47

176 Definition 47 176 Dfinition 47

177 Inland note 48 177 Billet intrieur 48178 Delivery 48 178 Livraison 48179 Joint and several liability 48 179 Obligation conjointe ou solidaire 48180 Demand note presentment 48 180 Prsentation dun billet payable sur

demande 48181 Endorser discharged 48 181 Libration de lendosseur 48182 Not deemed overdue 48 182 Prsomption applicable au dtenteur 48183 Presentment at particular place 49 183 Lieu de la prsentation 49184 Liability of endorser 49 184 Obligations de lendosseur 49185 Effect of being maker 49 185 Le souscripteur 49186 Application of Act to notes 49 186 Application de la loi aux billets 49187 Protest of foreign notes 50 187 Prott des billets trangers 50

PART VCONSUMER BILLS AND NOTES 50

PARTIE VLETTRES ET BILLETS DE

CONSOMMATION 50

188 Definitions 50 188 Dfinitions 50189 Consumer bill 50 189 Lettre de consommation 50190 Consumer bill or note to be marked 51 190 Inscription obligatoire 51191 Rights of holder of consumer bill or note 52 191 Droits du dtenteur 52192 Obtaining signature to unmarked

instrument 52192 Obtention de signature sur effet non

marqu 52

SCHEDULE 53 ANNEXE 53


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R.S.C., 1985, c. B-4 L.R.C., 1985, ch. B-4

An Act relating to bills of exchange, chequesand promissory notes

Loi concernant les lettres de change, leschques et les billets ordre ou au porteur

SHORT TITLE TITRE ABRG

Short title 1. This Act may be cited as the Bills of Ex-change Act.

R.S., c. B-5, s. 1.

1.Loi sur les lettres de change.S.R., ch. B-5, art. 1.

Titre abrg

INTERPRETATION DFINITIONS

Definitions 2. In this Act,acceptance acceptation

acceptance means an acceptance completedby delivery or notification;

action action

action includes counter-claim and set-off;

bank banque

bank means a bank or an authorized foreignbank within the meaning of section 2 of theBank Act;

bearerporteur

bearer means the person in possession of abill or note that is payable to bearer;

bill lettre bill means bill of exchange;

defence dfense

defence includes counter-claim;

delivery livraison

delivery means transfer of possession, actualor constructive, from one person to another;

endorsement endossementou endos

endorsement means an endorsement complet-ed by delivery;

holder dtenteur

holder means the payee or endorsee of a billor note who is in possession of it, or the bearerthereof;

issue mission issue means the first delivery of a bill ornote, complete in form, to a person who takes itas a holder;

non-businessdaysjours fris

non-business days means days directed bythis Act to be observed as legal holidays ornon-juridical days, and any other day is a busi-ness day;

2. Les dfinitions qui suivent sappliquent la prsente loi.

Dfinitions

acceptation Acceptation complte par li-vraison ou notification.

acceptation acceptance

action Sont assimiles laction la demandereconventionnelle et la dfense de compensa-tion.

action action

banque Banque et banque trangre autori-se, au sens de larticle 2 de la Loi sur lesbanques.

banque bank

billet Billet ordre ou au porteur. billet notedfense Est assimile la dfense la de-mande reconventionnelle.

dfense defence

dtenteur Soit le preneur ou lendossatairedune lettre ou dun billet qui en a la posses-sion, soit le porteur de ces effets.

dtenteur holder

mission Premire livraison dune lettre oudun billet, parfaitement libells, une per-sonne qui laccepte comme dtenteur.

mission issue

endossement ou endos Endossementcomplt par livraison.

endossement ou endos

endorsementjours fris Jours non ouvrables dsignscomme jours de fte lgale par la prsente loi.

jours fris non-businessdays

lettre Lettre de change. lettre bill

livraison Transfert de possession relle ouprsume dune personne une autre.

livraison delivery


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note billet

note means promissory note;

valueVersion anglaise

seulement

value means valuable consideration.

R.S., 1985, c. B-4, s. 2; 1999, c. 28, s. 148.

porteur La personne en possession dunelettre ou dun billet payable au porteur.

L.R. (1985), ch. B-4, art. 2; 1999, ch. 28, art. 148.

porteur bearer

PART I PARTIE I

GENERAL DISPOSITIONS GNRALES

Thing done ingood faith

3. A thing is deemed to be done in goodfaith, within the meaning of this Act, where it isin fact done honestly, whether it is done negli-gently or not.

R.S., c. B-5, s. 3.

3. Est rput fait de bonne foi, au sens de laprsente loi, tout acte accompli honntement,quil y ait eu par ailleurs ngligence ou non.

S.R., ch. B-5, art. 3.

Bonne foi

Signature 4. Where, by this Act, any instrument orwriting is required to be signed by any person,it is not necessary that he should sign it with hisown hand, but it is sufficient if his signature iswritten thereon by some other person by or un-der his authority.

R.S., c. B-5, s. 4.

4. Pour sacquitter de lobligation, prvuepar la prsente loi, de signature dun effet oudun crit, il faut le signer soi-mme ou y auto-riser lapposition de sa signature par quelquundautre.

S.R., ch. B-5, art. 4.

Signature

What required ofcorporation

5. In the case of a corporation, where, bythis Act, any instrument or writing is requiredto be signed, it is sufficient if the instrument orwriting is duly sealed with the corporate seal,

but nothing in this section shall be construed asrequiring the bill or note of a corporation to beunder seal.

R.S., c. B-5, s. 5.

5. Une personne morale sacquitte de lobli-gation, prvue par la prsente loi, de signaturedun effet ou dun crit par lapposition de sonsceau; le prsent article na toutefois pas poureffet de rendre cette apposition obligatoire surtous les billets ou lettres dune personne mo-rale.

S.R., ch. B-5, art. 5.

Signature dunepersonne morale

Computation oftime

6. (1) Where, by this Act, the time limitedfor doing any act or thing is less than three

days, in reckoning time, non-business days areexcluded.

6. (1) Les jours fris ne sont pas comptsdans le calcul des chances de moins de trois

jours prvues par la prsente loi.

Dlais de moinsde trois jours

Saturdays (2) In all matters relating to bills or notes,(a) if the time for doing any act or thing ex-

pires or falls on a Saturday, that time isdeemed to expire or fall, as the case may be,on the next following business day;

(b) a bill or note payable on demand cannotbe duly presented for acceptance or paymenton a Saturday; and

(c) failure to do any act or thing on a Satur-day does not give rise to any rights.

(2) Les rgles suivantes sappliquent auxlettres et billets:

a) lchance qui tombe un samedi est re-porte au premier jour ouvrable qui suit;

b) leur prsentation, quand ils sont payablessur demande, ne peut se faire pour accepta-tion ou paiement un samedi;

c) le dfaut dexcution survenant un samedine donne ouverture aucun droit.

Samedi

Cheques (3)Notwithstanding any other provision ofthis Act, a cheque may be presented and paidon a Saturday or a non-juridical day if thedrawee is open for business at the time of the

presentment and the presentment in all other re-spects is in accordance with this Act, and thenon-acceptance or non-payment of a cheque so

(3) Par drogation aux autres dispositions dela prsente loi, un chque peut tre prsent et

pay un samedi ou un jour non ouvrable si laprsentation est faite pendant les heures dou-verture de ltablissement du tir et, parailleurs, en conformit avec la prsente loi. Lanon-acceptation ou le non-paiement du chque

Chques


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presented gives rise to the same rights asthough it had been presented on a business dayother than a Saturday.

donne ouverture aux mmes droits que si saprsentation avait eu lieu un jour ouvrable autrequun samedi.

Where bank notopen forbusiness

(4) In all matters relating to bills or notes,notwithstanding any other provision of this Act,if a branch of a bank carrying on business is not

open for business on a business day(a) the time for doing any act or thing at the

branch, if the time expires or falls on thatday, is deemed to expire or fall, as the casemay be, on the next following business dayon which the branch is open for business;

(b) a bill or note payable on demand cannotbe duly presented for acceptance or paymentat the branch on that day; and

(c) failure to do any act or thing by reason ofthe branch not being open for business on

that day does not give rise to any rights.R.S., c. B-5, s. 6.

(4) Par drogation aux autres dispositions dela prsente loi, lorsque la succursale dune

banque en activit est ferme un jour ouvrable,

les rgles suivantes sappliquent aux lettres oubillets:

a) lchance qui tombe cette date est re-porte au premier jour ouvrable suivant o lasuccursale est ouverte;

b) leur prsentation, quand ils sont payablessur demande, ne peut se faire cette date

pour acceptation ou paiement la succursale;

c) le dfaut dexcution fond sur la ferme-ture de la succursale cette date ne donneouverture aucun droit.

S.R., ch. B-5, art. 6.

Succursale nonouverte

Crossingdividendwarrants

7. The provisions of this Act relating tocrossed cheques apply to a warrant for paymentof dividend.

R.S., c. B-5, s. 7.

7. Les dispositions de la prsente loi rela-tives aux chques barrs sappliquent aux man-dats pour encaissement de dividendes.

S.R., ch. B-5, art. 7.

Barrement desmandats dedividendes

Bank Actnotaffected

8.Nothing in this Act affects the provisionsof theBank Act.

R.S., c. B-5, s. 8.

8. La prsente loi na pas pour effet de por-ter atteinte aux dispositions de la Loi sur lesbanques.

S.R., ch. B-5, art. 8.

Loi sur les

banques

Common law ofEngland

9. The rules of the common law of England,including the law merchant, save in so far asthey are inconsistent with the express provi-sions of this Act, apply to bills, notes andcheques.

R.S., c. B-5, s. 10.

9. Les rgles de la common law dAngle-terre, y compris en droit commercial, sap-

pliquent aux lettres, billets et chques dans lamesure de leur compatibilit avec les disposi-tions expresses de la prsente loi.

S.R., ch. B-5, art. 10.

Application dela common law

dAngleterre

Protest evidence 10. A protest of any bill or note withinCanada, and any copy thereof as copied by thenotary or justice of the peace, is, in any action,evidence of presentation and dishonour, and al-so of service of notice of the presentation anddishonour as stated in the protest or copy.

R.S., c. B-5, s. 11.

10. Le prott dune lettre ou dun billet auCanada, de mme que toute copie qui en estfaite par un notaire ou un juge de paix, consti-tue, dans une action, la preuve de la prsenta-tion et du dfaut dacceptation ou de paiement,ainsi que de la signification de lavis de la pr-sentation et du dfaut dacceptation ou de paie-ment spcifis dans le prott ou la copie.

S.R., ch. B-5, art. 11.

Valeur probantedu prott

Copy of protest,evidence

11. Where a bill or note, presented for ac-ceptance, or payable outside Canada, is protest-ed for non-acceptance or non-payment, a notar-ial copy of the protest and of the notice ofdishonour, and a notarial certificate of the ser-

11. Si une lettre ou un billet, prsent pouracceptation, ou payable ltranger, est protes-t pour dfaut dacceptation ou de paiement,une copie notarie du prott et de la notificationdu dfaut en question et un certificat notari dela signification de cet avis font foi devant les

Valeur probantede documentsnotaris


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vice of the notice, shall be received in all courtsas evidence of the protest, notice and service.

R.S., c. B-5, s. 12.

tribunaux, jusqu preuve contraire, du prott,de la notification et de la signification.

S.R., ch. B-5, art. 12.

Officer of banknot to act asnotary

12.No clerk, teller or agent of any bankshall act as a notary in the protesting of any billor note payable at the bank or at any of the

branches of the bank in which he is employed.R.S., c. B-5, s. 13.

12.Nul commis, caissier ou mandatairedune banque ne peut agir en qualit de notaire

pour le prott dune lettre ou dun billet

payable la banque o il est employ ou lune de ses succursales.

S.R., ch. B-5, art. 13.

Interdiction unemploy debanque dagircomme notaire

Purchase ofpatent right

13. (1) Every bill or note the considerationof which consists, in whole or in part, of the

purchase money of a patent right, or of a partialinterest, limited geographically or otherwise, ina patent right, shall have written or printed

prominently and legibly across the face thereof,before it is issued, the words Given for apatent right.

13. (1) Les lettres ou billets, dont la causeest, en tout ou en partie, le prix dachat dundroit de brevet ou dun intrt partiel, limitterritorialement ou autrement, dans un droit de

brevet, portent, au travers de leur recto et bienen vidence, la mention Donn pour droit de

brevet , crite ou imprime lisiblement avantlmission.

Marquage deseffets servant lachat dunbrevet

Absence of

necessary words

(2) If the words Given for a patent rightare not written or printed on any instrument inthe manner prescribed in subsection (1), the in-strument and any renewal thereof is void, ex-cept in the hands of a holder in due coursewithout notice of the consideration.

R.S., c. B-5, s. 14.

(2) En labsence de cette mention, leffet etson renouvellement sont nuls, sauf entre lesmains dun dtenteur rgulier non avis de cettecause.

S.R., ch. B-5, art. 14.

Absence de la

mention

Transferee totake withequities

14. The endorsee or other transferee of anyinstrument referred to in section 13 having thewords Given for a patent right printed orwritten thereon takes the instrument subject toany defence or set-off in respect of the whole orany part thereof that would have existed be-

tween the original parties.R.S., c. B-5, s. 15.

14. Lendossataire ou autre cessionnairedun effet portant la mention Donn pourdroit de brevet sous la forme prvue par lar-ticle 13 le prend sous rserve de tout moyen dedfense ou compensation son gard qui auraitexist entre les contractants originaires.

S.R., ch. B-5, art. 15.

Responsabilitdu cessionnaire

Offence andpunishment

15. Every person who issues, sells or trans-fers, by endorsement or delivery, any instru-ment referred to in section 13 not having thewords Given for a patent right printed orwritten across the face thereof in the manner

prescribed by that section, knowing the consid-eration of that instrument to have consisted, inwhole or in part, of the purchase money of a

patent right, or of a partial interest, limited geo-graphically or otherwise, in a patent right, is

guilty of an indictable offence and liable to im-prisonment for any term not exceeding oneyear, or to such fine, not exceeding two hun-dred dollars, as the court thinks fit.

R.S., c. B-5, s. 16.

15. Quiconque met, vend ou cde, par en-dossement ou livraison, un effet ne portant pasla mention Donn pour droit de brevet sousla forme prvue par larticle 13, tout en sachantque la cause de cet effet est, en tout ou en par-tie, celle dcrite cet article, commet une in-fraction et encourt, sur dclaration de culpabili-t par mise en accusation, soit unemprisonnement maximal dun an, soit uneamende maximale de deux cents dollars, selon

ce que le tribunal juge indiqu.S.R., ch. B-5, art. 16.

Infraction etpeine


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PART II PARTIE II

BILLS OF EXCHANGE LETTRES DE CHANGE

FORMAND INTERPRETATIONOF BILL FORMEDELALETTREETINTERPRTATION

Bill of exchange 16. (1) A bill of exchange is an uncondi-tional order in writing, addressed by one person

to another, signed by the person giving it, re-quiring the person to whom it is addressed to

pay, on demand or at a fixed or determinablefuture time, a sum certain in money to or to theorder of a specified person or to bearer.

16. (1) La lettre de change est un crit signde sa main par lequel une personne ordonne

une autre de payer, sans condition, une sommedargent prcise, sur demande ou unechance dtermine ou susceptible de ltre,soit une troisime personne dsigne ou son ordre , soit au porteur.

Lettre de change

Non-compliancewith requisites

(2) An instrument that does not comply withthe requirements of subsection (1), or that or-ders any act to be done in addition to the pay-ment of money, is not, except as hereinafter

provided, a bill.

(2) Leffet qui ne remplit pas les conditionsfixes au paragraphe (1), ou qui exige autrechose en sus du paiement dune sommedargent, ne constitue pas, sauf cas prvus ci-dessous, une lettre.

Dfaut deconformit

Unconditionalorder

(3) An order to pay out of a particular fundis not unconditional within the meaning of this

section, except that an unqualified order to pay,coupled with

(a) an indication of a particular fund out ofwhich the drawee is to reimburse himself ora particular account to be debited with theamount, or

(b) a statement of the transaction that givesrise to the bill,

is unconditional.

R.S., c. B-5, s. 17.

(3) Lordre de payer sur un fonds particuliernest pas un ordre inconditionnel au sens du

prsent article, sauf quand en outre:a) ou bien il spcifie un fonds particulier,sur lequel le tir doit se rembourser, ou uncompte particulier au dbit duquel la sommedoit tre inscrite;

b) ou bien il est assorti du relev de lopra-tion qui a donn lieu la lettre.

S.R., ch. B-5, art. 17.

Ordreinconditionnel

Instrument

payable oncontingency

17. (1) An instrument expressed to bepayable on a contingency is not a bill and thehappening of the event does not cure the defect.

17. (1) Leffet dont le paiement dpenddune ventualit ne constitue pas une lettre, etla ralisation de cette ventualit ne remdie

pas ce vice.

Paiement lors

dune ventuali-t

Addressed totwo or moredrawees

(2) A bill may be addressed to two or moredrawees, whether they are partners or not, butan order addressed to two drawees in the alter-native, or to two or more drawees in succes-sion, is not a bill.

R.S., c. B-5, s. 18.

(2) Bien que la lettre puisse tre adresse plusieurs tirs, formant ou non une socit depersonnes, lordre adress lun ou lautre dedeux tirs, ou deux tirs ou plus successive-ment, nen constitue pas pour autant une lettre.

S.R., ch. B-5, art. 18.

Plusieurs tirs

Payee, drawer ordrawee

18. (1) A bill may be drawn payable to, orto the order of, the drawer, or it may be drawn

payable to, or to the order of, the drawee.

18. (1) La lettre peut tre payable soit au ti-reur ou son ordre, soit au tir ou son ordre.

Preneur, tireurou tir

Two or morepayees

(2) A bill may be made payable to two ormore payees jointly, or it may be made payablein the alternative to one of two, or one or someof several payees.

(2) La lettre peut tre payable plusieurspreneurs conjointement, ou elle peut ltre lun de plusieurs preneurs ou quelques-unsdes diffrents preneurs.

Plusieurspreneurs

Holder of officepayee

(3) A bill may be made payable to the hold-er of an office for the time being.

R.S., c. B-5, s. 19.

(3) La lettre peut tre payable au titulaire enexercice dune charge ou dun emploi.

S.R., ch. B-5, art. 19.

Fonctionnairepreneur


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Drawee to benamed

19. The drawee must be named or otherwiseindicated in a bill with reasonable certainty.

R.S., c. B-5, s. 20.

19. La lettre doit comporter le nom du tirou une dsignation suffisamment prcise de ce-lui-ci.

S.R., ch. B-5, art. 20.

Dsignation dutir

Transfer words 20. (1) When a bill contains words prohibit-ing transfer, or indicating an intention that it

should not be transferable, it is valid as be-tween the parties thereto, but it is not nego-tiable.

20. (1) La lettre qui comporte une clause eninterdisant la cession ou indiquant lintention

de la rendre non cessible est valable entre lesparties intresses, mais nest pas ngociable.

Ngociabilit

Negotiable bill (2) A negotiable bill may be payable eitherto order or to bearer.

(2) Une lettre ngociable peut tre payable ordre ou au porteur.

Lettrengociable

When payable tobearer

(3) A bill is payable to bearer that is ex-pressed to be so payable, or on which the onlyor last endorsement is an endorsement in blank.

(3) La lettre est payable au porteur lors-quelle comporte une clause cet effet oulorsque lunique ou le dernier endossement estun endossement en blanc.

Payable auporteur

Certainty ofpayee

(4) Where a bill is not payable to bearer, thepayee must be named or otherwise indicated

therein with reasonable certainty.

(4) La lettre qui nest pas payable au porteurporte le nom du preneur ou une dsignation

suffisamment prcise de celui-ci.

Dsignation dupreneur

Fictitious payee (5) Where the payee is a fictitious or non-existing person, the bill may be treated as

payable to bearer.

R.S., c. B-5, s. 21.

(5) La lettre dont le preneur est une per-sonne fictive ou qui nexiste pas peut treconsidre comme payable au porteur.

S.R., ch. B-5, art. 21.

Preneur fictif

Bill payable toorder

21. (1) A bill is payable to order that is ex-pressed to be so payable, or that is expressed tobe payable to a particular person, and does notcontain words prohibiting transfer or indicatingan intention that it should not be transferable.

21. (1) La lettre est payable ordre lors-quelle comporte une clause cet effet ou lors-quelle est expressment payable une per-sonne dsigne et ne contient rien qui eninterdise la cession ou qui indique lintentionde la rendre non cessible.

Lettre payable ordre

When payable to

person or order

(2) Where a bill, either originally or by en-dorsement, is expressed to be payable to the or-der of a specified person, and not to him or hisorder, it is nevertheless payable to him or hisorder at his option.

R.S., c. B-5, s. 22.

(2) La lettre expressment initialementou par endossement payable lordre dune

personne dsigne est nanmoins aussi payable celle-ci.

S.R., ch. B-5, art. 22.

Payable une

personne ou son ordre

When payableon demand

22. (1) A bill is payable on demand(a) that is expressed to be payable on de-mand or on presentation; or

(b) in which no time for payment is ex-pressed.

22. (1) La lettre est payable sur demandedans les cas suivants:

a) elle stipule quelle est payable sur de-mande ou sur prsentation;

b) elle nindique aucune date de paiement.

Lettre payablesur demande

Endorsed when

overdue

(2) Where a bill is accepted or endorsedwhen it is overdue, it shall, with respect to theacceptor who so accepts it, or any endorser whoso endorses it, be deemed a bill payable on de-mand.

R.S., c. B-5, s. 23.

(2) La lettre accepte ou endosse aprs sonchance est rpute payable sur demande lgard de la personne qui laccepte ou de cellequi lendosse.

S.R., ch. B-5, art. 23.

Acceptation ou

endossementaprs lchance


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Determinablefuture time

23. A bill is payable at a determinable futuretime, within the meaning of this Act, that is ex-

pressed to be payable

(a) at sight or at a fixed period after date orsight; or

(b)on or at a fixed period after the occur-rence of a specified event that is certain to

happen, though the time of happening is un-certain.

R.S., c. B-5, s. 24.

23. Est payable une chance susceptibledtre dtermine au sens de la prsente loi

la lettre qui est expressment payable:a) vue, ou un certain dlai de date ou devue;

b)lors de la survenance ou un certaindlai aprs celle-ci dun vnement spci-

fi invitable mais dont la date est incertaine.

S.R., ch. B-5, art. 24.

Lettre payable un dlai fixerventuellement

Inland bill 24. (1) An inland bill is a bill that is, or onthe face of it purports to be,

(a)both drawn and payable within Canada;or

(b) drawn within Canada on a person resi-dent in Canada.

24. (1) La lettre intrieure est une lettre quiest ou est manifestement cense tre:

a) soit la fois tire et payable au Canada;b) soit tire au Canada sur un rsident.

Lettre intrieure

Foreign bill

(2)Any other bill is a foreign bill. (2)

Toute autre lettre est trangre.

Lettre trangre

Presumption (3) Unless the contrary appears on the faceof a bill, the holder may treat it as an inland

bill.

R.S., c. B-5, s. 25.

(3) Sauf stipulation contraire sur la lettre, ledtenteur peut la considrer comme une lettreintrieure.

S.R., ch. B-5, art. 25.

Prsomption

Bill or note 25. Where in a bill drawer and drawee arethe same person, or where the drawee is a ficti-tious person or a person not having capacity tocontract, the holder may treat the instrument, athis option, either as a bill or as a note.

R.S., c. B-5, s. 26.

25. Le dtenteur dune lettre dont le tireur etle tir sont la mme personne, ou dont le tir estune personne fictive ou inhabile contracter,

peut, son choix, la traiter comme lettre oucomme billet ordre.

S.R., ch. B-5, art. 26.

Lettre ou billet

Valid bill 26. A bill is not invalid by reason only thatit

(a) is not dated;(b) does not specify the value given, or thatany value has been given therefor;

(c) does not specify the place where it isdrawn or the place where it is payable; or

(d) is antedated or post-dated, or bears dateon a Sunday or other non-juridical day.

R.S., c. B-5, s. 27.

26. La validit dune lettre nest pas affectepar ce qui suit:

a) labsence de date;b) labsence dindication de la valeur don-ne en change ou de stipulation que valeur at donne en change;

c) labsence dindication du lieu de tirage oudu lieu de paiement;

d) le fait quelle soit antidate ou postdateou date dun dimanche ou de tout autre journon ouvrable.

S.R., ch. B-5, art. 27.

Validit dune

lettre

Sum certain 27. (1) The sum payable by a bill is a sumcertain within the meaning of this Act, althoughit is required to be paid

(a) with interest;(b)by stated instalments;

27. (1) La somme payer au moyen dunelettre est une somme prcise au sens de la pr-sente loi, mme si le paiement doit en tre fait,selon le cas:

a) avec intrts;b)par versements spcifis;

Somme prcise


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(c)by stated instalments, with a provisionthat on default in payment of any instalmentthe whole shall become due; or

(d) according to an indicated rate of ex-change or a rate of exchange to be ascer-tained as directed by the bill.

c)par versements spcifis, le dfaut depaiement dun seul rendant exigible lasomme totale;

d) suivant le taux de change indiqu, ou sui-vant le taux de change dterminer selon lesinstructions figurant dans la lettre.

Figures andwords

(2) Where the sum payable by a bill is ex-pressed in words and also in figures and there isa discrepancy between the two, the sum denot-ed by the words is the amount payable.

(2) Dans les cas o la somme payer estnonce la fois en lettres et chiffres et o il ya une diffrence entre les deux, la somme

payer est celle qui est nonce en lettres.

Diffrence entreles lettres et leschiffres

With interest (3) Where a bill is expressed to be payablewith interest, unless the instrument otherwise

provides, interest runs from the date of the billand, if the bill is undated, from the issue there-of.

R.S., c. B-5, s. 28.

(3) Dans les cas o une lettre est express-ment payable avec intrts, ceux-ci courent,sauf indication contraire, compter de la date yfigurant ou, dfaut, compter de la date delmission.

S.R., ch. B-5, art. 28.

Intrts

True datepresumption

28. Where a bill or an acceptance, or any en-dorsement on a bill, is dated, the date shall, un-less the contrary is proved, be deemed to be thetrue date of the drawing, acceptance or en-dorsement, as the case may be.

R.S., c. B-5, s. 29.

28. La date dune lettre, dune acceptationou dun endossement est rpute, sauf preuvecontraire, leur date vritable.

S.R., ch. B-5, art. 29.

Prsomption dela date vritable

Undated billpayable afterdate

29. Where a bill expressed to be payable at afixed period after date is issued undated, orwhere the acceptance of a bill payable at sightor at a fixed period after sight is undated, anyholder may insert therein the true date of issueor acceptance, and the bill shall be payable ac-cordingly, but where the holder in good faithand by mistake inserts a wrong date, or in everyother case where a wrong date is inserted, if the

bill subsequently comes into the hands of aholder in due course, the bill is not voidedthereby, but operates and is payable as if thedate so inserted had been the true date.

R.S., c. B-5, s. 30.

29. Le dtenteur peut indiquer la date vri-table soit de lmission, sur une lettre express-ment payable un certain dlai de date et misesans tre date, soit de lacceptation, sur unelettre payable vue ou un certain dlai de vueet dont lacceptation nest pas date. La lettrequi porte une date errone appose par erreur

par le dtenteur de bonne foi, ou appose partoute autre personne, et passe ensuite entre lesmains dun dtenteur rgulier nest pas pour au-tant nulle de ce fait et reste payable cette datecomme sil sagissait de la date vritable.

S.R., ch. B-5, art. 30.

Lettre non datepayable dlaide date

Perfecting bill 30. Where a simple signature on a blank pa-per is delivered by the signer in order that itmay be converted into a bill, it operates, in theabsence of evidence to the contrary, as an au-thority to fill it up as a complete bill for anyamount, using the signature for that of the

drawer or acceptor, or an endorser, and, in likemanner, when a bill is wanting in any material

particular, the person in possession of it has, inthe absence of evidence to the contrary, the au-thority to fill up the omission in any way hethinks fit.

R.S., c. B-5, s. 31.

30. Une simple signature sur papier blanc li-vre par le signataire en vue de la conversionen lettre vaut, en labsence de preuve contraire,autorisation den faire une lettre complte pourune somme quelconque et peut servir commesignature du tireur, de laccepteur ou de len-

dosseur; de mme, la personne en possessiondune lettre incomplte sur un point substantielest autorise, en labsence de preuve contraire, remdier lomission de la manire quelleestime indique.

S.R., ch. B-5, art. 31.

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When completed 31. (1) In order that any instrument referredto in section 30 when completed may be en-forceable against any person who became a

party thereto prior to its completion, it must befilled up within a reasonable time and strictly inaccordance with the authority given, but where

any such instrument, after completion, is nego-tiated to a holder in due course, it is valid andeffectual for all purposes in his hands, and hemay enforce it as if it had been filled up withina reasonable time and strictly in accordancewith the authority given.

31. (1) Leffet vis larticle 30 doit trecomplt dans un dlai raisonnable et dunemanire strictement conforme lautorisationdonne afin dtre opposable une personnequi y est devenue partie alors quil tait incom-

plet; une fois complt et ngoci un dten-

teur rgulier, un tel effet devient valide et pro-duit son effet toutes fins entre les mains decelui-ci, lequel peut ds lors en exiger le mon-tant comme si leffet avait t complt de lamanire prvue au prsent article.

Opposabilit deleffet complt

Reasonable time (2) Reasonable time within the meaning ofthis section is a question of fact.

R.S., c. B-5, s. 32.

(2) Ce qui constitue un dlai raisonnable ausens du prsent article est une question de fait.

S.R., ch. B-5, art. 32.

Dlairaisonnable

Referee in caseof need

32. (1) The drawer of a bill and any endors-er may insert therein the name of a person, whoshall be called the referee in case of need, to

whom the holder may resort in case of need,that is to say, in case the bill is dishonoured bynon-acceptance or non-payment.

32. (1) Le tireur et tout endosseur dunelettre peuvent y indiquer le nom du recomman-dataire, cest--dire dune personne qui le d-

tenteur peut avoir recours au besoin, en cas derefus dacceptation ou de paiement.

Recommanda-taire

Option (2) The holder may, at his option, resort tothe referee in case of need or not, as he thinksfit.

R.S., c. B-5, s. 33.

(2) Le recours au recommandataire est tou-tefois lapprciation du dtenteur.

S.R., ch. B-5, art. 33.

Choix

Stipulations 33. The drawer of a bill, and any endorser,may insert therein an express stipulation

(a) negativing or limiting his own liability tothe holder; or

(b) waiving, with respect to himself, someor all of the holders duties.R.S., c. B-5, s. 34.

33. Le tireur et tout endosseur dune lettrepeuvent y insrer une clause expresse leffet,selon le cas:

a) de nier ou de limiter leur propre responsa-bilit envers le dtenteur;

b) de librer le dtenteur, en tout ou en par-tie, de ses obligations envers eux.

S.R., ch. B-5, art. 34.

Clauses

ACCEPTANCE ACCEPTATION

Acceptance 34. (1) The acceptance of a bill is the signi-fication by the drawee of his assent to the orderof the drawer.

34. (1) Lacceptation dune lettre est lenga-gement pris par le tir dexcuter lordre du ti-reur.

Acceptation

Drawees namewrong

(2) Where in a bill the drawee is wronglydesignated or his name is misspelt, he may ac-cept the bill as therein described, adding, if he

thinks fit, his proper signature or he may acceptby his proper signature.

R.S., c. B-5, s. 35.

(2) Le tir dont la dsignation est errone oule nom mal orthographi peut accepter la lettre,soit telle quelle, en y ajoutant, sil le juge pro-

pos, sa vraie signature, soit sous sa vraie signa-ture.

S.R., ch. B-5, art. 35.

Dsignationerrone du tir

Acceptance 35. (1) An acceptance is invalid unless itcomplies with the following conditions:

(a) it must be written on the bill and besigned by the drawee; and

35. (1) Pour tre valable, lacceptation res-pecte les conditions suivantes:

a) tre faite par crit sur la lettre elle-mmeet signe par le tir;

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(b) it must not express that the drawee willperform his promise by any other means thanthe payment of money.

b) ne pas exiger du tir dautre engagementque le paiement dune somme dargent.

Mere signature (2) The mere signature of the drawee writtenon the bill without additional words is a suffi-cient acceptance.

R.S., c. B-5, s. 36.

(2) La simple signature du tir sur la lettrevaut acceptation.

S.R., ch. B-5, art. 36.

Simple signature

Acceptance 36. (1) A bill may be accepted(a)before it has been signed by the draweror while otherwise incomplete; or

(b) when it is overdue or after it has beendishonoured by a previous refusal to accept,or by non-payment.

36. (1) Une lettre peut tre accepte:a) avant sa signature par le tireur, ou pen-dant quelle est par ailleurs incomplte;

b) aprs son chance, ou aprs un refus an-trieur dacceptation ou un refus de paie-ment.

Acceptation

Acceptance afterdishonour

(2) When a bill payable at sight or aftersight is dishonoured by non-acceptance and thedrawee subsequently accepts it, the holder, inthe absence of any different agreement, is enti-

tled to have the bill accepted as of the date offirst presentment to the drawee for acceptance.

R.S., c. B-5, s. 37.

(2) Dans les cas o le tir, aprs un refus ini-tial, accepte une lettre payable vue ou undlai de vue, le dtenteur a le droit, sous r-serve dun accord drogatoire, de dater laccep-

tation au jour de la premire prsentation.S.R., ch. B-5, art. 37.

Acceptationaprs refus

Kinds 37. (1) An acceptance is either general orqualified.

37. (1) Lacceptation est gnrale ou res-treinte.

Formesdacceptation

General (2) A general acceptance assents withoutqualification to the order of the drawer.

(2) Lacceptation gnrale est un consente-ment pur et simple lordre du tireur.

Acceptationgnrale

Qualified (3) A qualified acceptance in express termsvaries the effect of the bill as drawn and, in par-ticular, an acceptance is qualified that is

(a) conditional, that is to say, that makespayment by the acceptor dependent on thefulfilment of a condition therein stated;

(b)partial, that is to say, an acceptance topay part only of the amount for which thebill is drawn;

(c) qualified as to time; or(d) the acceptance of one or more of thedrawees, but not of all.

(3) Lacceptation expressment restreintemodifie leffet de la lettre; est en particulierrestreinte lacceptation:

a) conditionnelle, qui fait dpendre le paie-ment par laccepteur de laccomplissementdune condition stipule sur la lettre;

b)partielle, qui restreint lacceptation aupaiement dune partie de la somme pour la-quelle la lettre est tire;

c) restreinte dans le temps;d)par lun ou plusieurs des tirs, mais non

par tous.

Acceptationrestreinte

Specified place (4) An acceptance to pay at a particularspecified place is not on that account condition-al or qualified.

R.S., c. B-5, s. 38.

(4) Le fait de dsigner pour le paiement unlieu particulier ne rend lacceptation ni condi-tionnelle, ni restreinte.

S.R., ch. B-5, art. 38.

Lieu particulier

DELIVERY LIVRAISON

Whenacceptancecomplete

38. Every contract on a bill, whether it is thedrawers, the acceptors or an endorsers, is in-complete and revocable until delivery of the in-strument in order to give effect thereto, butwhere an acceptance is written on a bill and the

38. Lengagement que le tireur, laccepteurou un endosseur contracte sur la lettre est rvo-cable jusqu la livraison de leffet qui luidonne plein effet; cependant, lacceptation de-vient parfaite et irrvocable si elle est faite par

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drawee gives notice to, or according to the di-rections of, the person entitled to the bill that hehas accepted it, the acceptance then becomescomplete and irrevocable.

R.S., c. B-5, s. 39.

crit sur la lettre et si le tir la notifie la per-sonne qui a droit leffet ou au reprsentant decelle-ci.

S.R., ch. B-5, art. 39.

Requisites 39. (1) As between immediate parties andas regards a remote party, other than a holder indue course, the delivery of a bill

(a) in order to be effectual must be made ei-ther by or under the authority of the partydrawing, accepting or endorsing, as the casemay be; or

(b) may be shown to have been conditionalor for a special purpose only, and not for the

purpose of transferring the property in thebill.

39. (1) Entre les parties immdiates et en cequi concerne toute autre partie qui nest pas d-tenteur rgulier:

a) la livraison doit, pour produire son effet,tre faite par le tireur, laccepteur ou lendos-seur, selon le cas, ou avec leur autorisation;

b) il nest pas ncessaire que la livraisonvise au transfert de proprit de leffet, mais

peut tre manifestement conditionnelle ouavoir t faite une autre fin particulire.

Formalits

Presumption (2) Where the bill is in the hands of a holderin due course, a valid delivery of the bill by allparties prior to him, so as to make them liableto him, is conclusively presumed.

R.S., c. B-5, s. 40.

(2) Le fait que la lettre soit entre les mainsdun dtenteur rgulier est la prsomption irr-fragable quune livraison valable de leffet a teffectue par toutes les parties antrieures defaon les obliger envers lui.

S.R., ch. B-5, art. 40.

Prsomption

Parting withpossession

40. Where a bill is no longer in the posses-sion of a party who has signed it as drawer, ac-ceptor or endorser, a valid and unconditionaldelivery by him is presumed until the contraryis proved.

R.S., c. B-5, s. 41.

40. La lettre qui nest plus entre les mains dela personne qui la signe comme tireur, accep-teur ou endosseur est rpute, jusqu preuvecontraire, avoir t livre valablement et sanscondition par celle-ci.

S.R., ch. B-5, art. 41.

Prsomption delivraison

COMPUTATIONOF TIME, NON-JURIDICAL DAYSANDDAYSOF GRACE

CHANCEDESLETTRES

Computation oftime

41. Where a bill is not payable on demand,three days, called days of grace, are, in everycase, where the bill itself does not otherwise

provide, added to the time of payment as fixedby the bill, and the bill is due and payable onthe last day of grace, but whenever the last dayof grace falls on a legal holiday or non-juridicalday in the province where any such bill is

payable, the day next following, not being a le-gal holiday or non-juridical day in that

province, is the last day of grace.

R.S., c. B-5, s. 42.

41. Dans le cas dune lettre autre quepayable sur demande, le dbiteur jouit, sauf dis-position leffet contraire, dun dlai de grcede trois jours; la lettre est alors payable le der-nier de ces trois jours, lchance se trouvanttoutefois reporte au premier jour ouvrable quisuit lorsquil tombe un jour non ouvrable dansla province o leffet est payable.

S.R., ch. B-5, art. 42.

Jours de grce

Non-juridicaldays

42. In all matters relating to bills of ex-change, the following and no other days shall

be observed as legal holidays or non-juridicaldays:

(a) in all the provinces,

42. En matire de lettres de change, les joursde fte lgale sont les suivants:

a) dans toutes les provinces:(i) les dimanches, le jour de lan, le ven-dredi saint, la fte de Victoria, la fte du

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(i) Sundays, New Years Day, Good Fri-day, Victoria Day, Canada Day, LabourDay, Remembrance Day and ChristmasDay,

(ii) the birthday (or the day fixed byproclamation for the celebration of the

birthday) of the reigning Sovereign,(iii) any day appointed by proclamation to

be observed as a public holiday, or as aday of general prayer or mourning or dayof public rejoicing or thanksgiving,throughout Canada, and

(iv) the day next following New YearsDay, Christmas Day and the birthday ofthe reigning Sovereign (if no other day isfixed by proclamation for the celebrationof the birthday) when those days respec-tively fall on a Sunday;

(b) in any province, any day appointed byproclamation of the lieutenant governor ofthe province to be observed as a public holi-day, or for a fast or thanksgiving within the

province, and any day that is a non-juridicalday by virtue of an Act of the legislature ofthe province; and

(c) in any city, town, municipality or otherorganized district, any day appointed to beobserved as a civic holiday by resolution ofthe council, or other authority charged withthe administration of the civic or municipalaffairs of the city, town, municipality or dis-trict.

R.S., c. B-5, s. 43.

Canada, la fte du Travail, le jour du Sou-venir et le jour de Nol,

(ii) lanniversaire de naissance du souve-rain rgnant ou le jour fix par proclama-tion pour sa clbration,

(iii)tout jour fix par proclamationcomme jour fri lgal ou comme jour de

prire ou de deuil gnral ou jour de r-jouissances ou daction de grces pu-bliques, dans tout le Canada,

(iv) le lendemain du jour de lan, du jourde Nol et de lanniversaire de naissancedu souverain rgnant ou du jour fix

par proclamation pour la clbration de cetanniversaire , lorsque ces jours tombentun dimanche;

b) dans chaque province, tout jour fix parproclamation du lieutenant-gouverneurcomme jour fri lgal ou comme jour dejene ou daction de grces dans la province,et tout jour qui est un jour non ouvrable ausens dune loi de la province;

c) dans chaque collectivit locale ville,municipalit ou autre circonscription admi-nistrative , tout jour fix comme jour frilocal par rsolution du conseil ou autre auto-rit charge de ladministration de la collec-tivit.

S.R., ch. B-5, art. 43.

Time ofpayment

43. Where a bill is payable at sight, or at afixed period after date, after sight or after thehappening of a specified event, the time of pay-ment is determined by excluding the day fromwhich the time is to begin to run and by includ-ing the day of payment.

R.S., c. B-5, s. 44.

43. Lchance dune lettre payable vue ou un certain dlai de date, de vue ou de la rali-sation dun vnement spcifi est dtermine

par exclusion du premier jour du dlai et par in-clusion du jour du paiement.

S.R., ch. B-5, art. 44.

Dterminationde lchance

Sight bill 44. Where a bill is payable at sight or at afixed period after sight, the time begins to runfrom the date of the acceptance if the bill is ac-cepted, and from the date of noting or protest ifthe bill is noted or protested for non-acceptanceor for non-delivery.

R.S., c. B-5, s. 45.

44. Dans le cas dune lettre payable vue ou un certain dlai de vue, le dlai commence courir compter de la date soit de son accepta-tion ventuelle, soit de la note ou du prott en-trans par le dfaut dacceptation ou de livrai-son.

S.R., ch. B-5, art. 45.

Acceptation,note ou prott

Due date 45. (1) Every bill that is made payable at amonth or months after date becomes due on the

45. (1) Pour lchance dune lettre payable un ou plusieurs mois de date, le quantime est

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same numbered day of the month in which it ismade payable as the day on which it is dated,unless there is no such day in the month inwhich it is made payable, in which case it be-comes due on the last day of that month, withthe addition, in all cases, of the days of grace.

le mme que celui de la date ou dfaut dequantime identique dans le mois dchance,le dernier jour de celui-ci, le dlai de grcetant ajout dans tous les cas.

Definition ofmonth

(2) The term month in a bill means thecalendar month.

R.S., c. B-5, s. 46.

(2) Dans une lettre, on entend par mois ceuxdune anne civile.

S.R., ch. B-5, art. 46.

Dfinition de mois

CAPACITYAND AUTHORITYOF PARTIES CAPACITETHABILITDESPARTIES

Capacity ofparties

46. (1) Capacity to incur liability as a partyto a bill is coextensive with capacity to con-tract.

46. (1) La capacit de sengager commepartie une lettre va de pair avec celle decontracter.

Capacit desparties

Corporations (2)Nothing in this section enables a corpo-ration to make itself liable as drawer, acceptoror endorser of a bill, unless it may do so underthe law in force relating to that corporation.

R.S., c. B-5, s. 47.

(2) Le prsent article nhabilite pas une per-sonne morale sengager titre de tireur, dac-cepteur ou dendosseur dune lettre, la capacitde celle-ci dcoulant en loccurrence du droit

qui la rgit.S.R., ch. B-5, art. 47.

Personnesmorales

Effect ofdisability onholder

47. Where a bill is drawn or endorsed byany infant, minor or corporation having no ca-

pacity or power to incur liability on a bill, thedrawing or endorsement entitles the holder toreceive payment of the bill and to enforce itagainst any other party thereto.

R.S., c. B-5, s. 48.

47. La souscription ou lendossement dunelettre par un mineur ou par une personne mo-rale incapable de sengager par lettre donnedroit au dtenteur den recevoir le paiement etdy obliger les autres parties la lettre.

S.R., ch. B-5, art. 48.

Incapacit dunepartie

Forgery 48. (1) Subject to this Act, where a signa-ture on a bill is forged, or placed thereon with-out the authority of the person whose signatureit purports to be, the forged or unauthorizedsignature is wholly inoperative, and no right toretain the bill or to give a discharge therefor orto enforce payment thereof against any partythereto can be acquired through or under thatsignature, unless the party against whom it issought to retain or enforce payment of the billis precluded from setting up the forgery or wantof authority.

48. (1) Sous rserve des autres dispositionsde la prsente loi, toute signature contrefaite,ou appose sans lautorisation du prsum si-gnataire, na aucun effet et ne confre pas ledroit de garder la lettre, den donner librationni dobliger une partie celle-ci en effectuerle paiement, sauf dans les cas o la partie visenest pas admise tablir le faux ou labsencedautorisation.

Signaturecontrefaite ounon autorise

Ratification (2)Nothing in this section affects the ratifi-cation of an unauthorized signature notamounting to a forgery.

(2) Le prsent article nempche pas la rati-fication dune signature non autorise qui neconstitue pas un faux.

Ratification

Recovery ofamount paid onforged cheque

(3) Where a cheque payable to order is paidby the drawee on a forged endorsement out ofthe funds of the drawer, or is so paid andcharged to his account, the drawer has no rightof action against the drawee for the recovery ofthe amount so paid, nor any defence to anyclaim made by the drawee for the amount so

paid, as the case may be, unless he gives notice

(3) En cas dendossement falsifi dunchque payable ordre et imput son compte

par le tir, le tireur ne peut exercer contre celui-ci une action en recouvrement de la somme ain-si paye, ou une dfense contre toute rclama-tion visant celle-ci, que sil la avis du fauxdans lanne qui suit la date o il en a euconnaissance.

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in writing of the forgery to the drawee withinone year after he has acquired notice of theforgery.

Default of notice (4) In case of failure by the drawer to givenotice of the forgery within the period referredto in subsection (3), the cheque shall be held to

have been paid in due course with respect toevery other party thereto or named therein, whohas not previously instituted proceedings forthe protection of his rights.

R.S., c. B-5, s. 49.

(4) Faute davis par le tireur dans ce dlai, lechque est cens avoir t rgulirement pay lgard de toute autre personne qui, y tant par-

tie ou y tant nomme, na pas auparavant en-gag des procdures pour la protection de sesdroits.

S.R., ch. B-5, art. 49.

Absence davis

Recovery ofamount paid onforgedendorsement

49. (1) Where a bill bearing a forged or anunauthorized endorsement is paid in good faithand in the ordinary course of business by or on

behalf of the drawee or acceptor, the person bywhom or on whose behalf the payment is madehas the right to recover the amount paid fromthe person to whom it was paid or from any en-

dorser who has endorsed the bill subsequent tothe forged or unauthorized endorsement if no-tice of the endorsement being a forged or anunauthorized endorsement is given to each suchsubsequent endorser within the time and in themanner mentioned in this section.

49. (1) Le tir ou laccepteur qui paye, ouau nom de qui est paye, de bonne foi et selonlusage commercial normal, une lettre portantun endossement irrgulier faux ou non auto-ris a le droit de recouvrer la somme ainsi

paye de la personne qui elle la t ou delauteur dun endossement postrieur lendos-

sement irrgulier, si chaque endosseur subs-quent est avis de lirrgularit en cause dans ledlai et de la manire prvus au prsent article.

Recouvrementen casdendossementirrgulier dunelettre

Rights againstprior endorsers

(2) Any person or endorser from whom anamount has been recovered under subsection(1) has the like right of recovery against any

prior endorser subsequent to the forged orunauthorized endorsement.

(2) La personne auprs de qui le recouvre-ment a t effectu peut exercer ce mme droit lgard de quiconque ayant avant elle endossleffet postrieurement lendossement irrgu-lier.

Recouvrementdes endosseursantrieurs

Notice of

forgery

(3) The notice referred to in subsection (1)shall be given within a reasonable time after the

person seeking to recover the amount has ac-quired notice that the endorsement is forged orunauthorized, and may be given in the samemanner, and if sent by post may be addressedin the same way as notice of protest or dishon-our of a bill may be given or addressed underthis Act.

R.S., c. B-5, s. 50.

(3) Dans un dlai raisonnable aprs quelleen a eu connaissance, la personne voulant exer-cer le droit de recouvrement donne avis de len-dossement irrgulier, notamment par la poste,selon les modalits prvues par la prsente loi

pour le prott faute de paiement ou daccepta-tion.

S.R., ch. B-5, art. 50.

Avis dendosse-

ment irrgulier

Procurationsignatures

50. A signature by procuration operates asnotice that the agent has but a limited authorityto sign, and the principal is bound by such sig-

nature only if the agent in so signing was actingwithin the actual limits of his authority.

R.S., c. B-5, s. 51.

50. La signature par procuration vaut avis depouvoir limit de signer et noblige le mandantquen tant que son auteur, le mandataire, a agi

dans le cadre strict de son mandat.S.R., ch. B-5, art. 51.

Signature parprocuration

Signing inrepresentativecapacity

51. (1) Where a person signs a bill as draw-er, endorser or acceptor and adds words to hissignature indicating that he has signed for or on

behalf of a principal, or in a representativecharacter, he is not personally liable thereon,

51. (1) Le fait de signer une lettre en qualitde tireur, dendosseur ou daccepteur et dy

prciser que cette signature est faite pour lecompte dautrui, titre de mandataire ou de re-

prsentant, noblige pas le signataire personnel-

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but the mere addition to his signature of wordsdescribing him as an agent, or as filling a repre-sentative character, does not exempt him from

personal liability.

lement. Toutefois, la simple addition sa signa-ture de mots dsignant le signataire commemandataire ou reprsentant ne le dgage pas desa responsabilit personnelle.

Rule fordeterminingcapacity

(2) In determining whether a signature on abill is that of the principal or that of the agent

by whose hand it is written, the constructionmost favourable to the validity of the instru-ment shall be adopted.

R.S., c. B-5, s. 52.

(2) Linterprtation la plus favorable la va-lidit de leffet est retenue quand il sagit dta-

blir quel en est le vritable signataire, du man-dant ou du mandataire qui la effectivementsign.

S.R., ch. B-5, art. 52.

Rgledinterprtation

CONSIDERATION CAUSE

Valuableconsideration

52. (1) Valuable consideration for a billmay be constituted by

(a) any consideration sufficient to support asimple contract; or

(b) an antecedent debt or liability.

52. (1) Est titre onreux la lettre dont lacause:

a)peut faire lobjet dun contrat simple;b) est une dette ou une obligation antrieure.

Titre onreux

Form of bill (2) An antecedent debt or liability is deemedvaluable consideration, whether the bill ispayable on demand or at a future time.

R.S., c. B-5, s. 53.

(2) Cette dette ou obligation constitue unecause titre onreux, que la lettre soit payablesur demande ou terme.

S.R., ch. B-5, art. 53.

Forme de lalettre

Holder for value 53. (1) Where value has, at any time, beengiven for a bill, the holder is deemed to be aholder for value as regards the acceptor and all

parties to the bill who became parties prior tothat time.

53. (1) Le dtenteur dune lettre pour la-quelle valeur a t donne une date quel-conque est rput dtenteur titre onreux lgard de laccepteur et de tous ceux qui sontdevenus parties la lettre avant cette date.

Dtenteur titreonreux

In case of lien (2) Where the holder of a bill has a lien onit, arising either from contract or by implicationof law, he is deemed to be a holder for value to

the extent of the sum for which he has a lien.R.S., c. B-5, s. 54.

(2) Le dtenteur dune lettre ayant sur celle-ci un droit de gage qui dcoule dun contrat ou,

par implicite, de la loi est rput en tre dten-

teur titre onreux jusqu concurrence de lasomme pour laquelle il possde ce droit.

S.R., ch. B-5, art. 54.

Droit de gage

Accommodationbill

54. (1) An accommodation party to a bill isa person who has signed a bill as drawer, ac-ceptor or endorser, without receiving valuetherefor, and for the purpose of lending hisname to some other person.

54. (1) Est partie un effet de complaisancela personne qui a sign une lettre comme tireur,accepteur ou endosseur sans avoir reu decontrepartie et en vue de prter son nom uneautre personne.

Effet decomplaisance

Liability of party (2) An accommodation party is liable on abill to a holder for value, and it is immaterialwhether, when that holder took the bill, heknew that party to be an accommodation partyor not.R.S., c. B-5, s. 55.

(2) Leffet de complaisance engage toutepartie layant sign envers un dtenteur titreonreux, que celui-ci ait su ou non, au momentde le prendre, quil tait de complaisance.

S.R., ch. B-5, art. 55.

Obligation de lapartie

HOLDERIN DUE COURSE DTENTEURRGULIER

Holder in duecourse

55. (1) A holder in due course is a holderwho has taken a bill, complete and regular on

55. (1) Est un dtenteur rgulier celui qui apris une lettre, manifestement complte et rgu-lire, dans les conditions suivantes:

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the face of it, under the following conditions,namely,

(a) that he became the holder of it before itwas overdue and without notice that it had

been previously dishonoured, if such was thefact; and

(b) that he took the bill in good faith and forvalue, and that at the time the bill was nego-tiated to him he had no notice of any defectin the title of the person who negotiated it.

a) il en est devenu dtenteur avant sonchance et sans avoir t avis dun refusdacceptation ou de paiement;

b) il a pris la lettre de bonne foi et titreonreux et, la date de la ngociation,navait t avis daucun vice affectant le

titre du cdant.

Title defective (2) In particular, the title of a person whonegotiates a bill is defective within the meaningof this Act when he obtained the bill, or the ac-ceptance thereof, by fraud, duress or force andfear, or other unlawful means, or for an illegalconsideration, or when he negotiates it in

breach of faith, or under such circumstances asamount to a fraud.

R.S., c. B-5, s. 56.

(2) Au sens de la prsente loi, le titre du n-gociateur dune lettre est dfectueux notam-ment lorsquil a obtenu leffet, ou son accepta-tion, par fraude ou contrainte, ou par dautresmoyens illgaux ou pour cause illicite, oulorsque la ngociation constitue un abus deconfiance ou est mene en des circonstancesfrauduleuses.

S.R., ch. B-5, art. 56.

Vice de titre

Right ofsubsequentholder

56. A holder, whether for value or not, whoderives his title to a bill through a holder in duecourse, and who is not himself a party to anyfraud or illegality affecting it, has all the rightsof that holder in due course as regards the ac-ceptor and all parties to the bill prior to thatholder.

R.S., c. B-5, s. 57.

56. Le dtenteur dune lettre, titre onreuxou non, qui tient son titre dun dtenteur rgu-lier et qui na particip aucune fraude ni ill-galit viciant ce titre jouit, en ce qui concernelaccepteur et les parties cette lettre ant-rieures au dtenteur rgulier, des droits de ce-lui-ci.

S.R., ch. B-5, art. 57.

Droits dudtenteursubsquent

Presumption ofvalue

57. (1) Every party whose signature appearson a bill is, in the absence of evidence to thecontrary, deemed to have become a party there-to for value.

57. (1) Toute partie dont la signature figuresur une lettre est rpute, en labsence de

preuve contraire, y tre devenue partie titreonreux.

Prsomption

Presumed holderin due course

(2) Every holder of a bill is, in the absenceof evidence to the contrary, deemed to be aholder in due course, but if, in an action on a

bill, it is admitted or proved that the accep-tance, issue or subsequent negotiation of the

bill is affected with fraud, duress or force andfear, or illegality, the burden of proof that he isthe holder in due course is on him, unless anduntil he proves that, subsequent to the allegedfraud or illegality, value has in good faith beengiven for the bill by some other holder in due

course.R.S., c. B-5, s. 58.

(2) Le dtenteur dune lettre est rput, enlabsence de preuve contraire, en tre le dten-teur rgulier; nanmoins, sil est admis ou ta-

bli dans le cadre dune action concernant leffetque lacceptation, lmission ou la ngociationsubsquente de celui-ci est entache de fraudeou de contrainte, ou encore dillgalit, lacharge de la preuve lui incombe sauf sil

prouve quun autre dtenteur rgulier a debonne foi donn valeur pour la lettre postrieu-rement la fraude ou lillgalit allgue.

S.R., ch. B-5, art. 58.

Prsomption dergularit de ladtention

Usuriousconsideration

58.No bill, although given for a usuriousconsideration or on a usurious contract, is voidin the hands of a holder, unless the holder hadat the time of its transfer to him actual knowl-

58. La lettre donne pour cause usuraire oulors dun contrat usuraire est valable entre lesmains du dtenteur, sauf si celui-ci avait ou aeu effectivement connaissance, au moment o

Cause usuraire


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edge that it was originally given for a usuriousconsideration or on a usurious contract.

R.S., c. B-5, s. 59.

elle lui a t transfre, du caractre usuraire dela cause ou du contrat.

S.R., ch. B-5, art. 59.

NEGOTIATION NGOCIATION

By transfer 59. (1) A bill is negotiated when it is trans-ferred from one person to another in such amanner as to constitute the transferee the holderof the bill.

59. (1) Il y a ngociation quand le transfertde la lettre constitue le cessionnaire en dten-teur de la lettre.

Par transfert

By delivery (2) A bill payable to bearer is negotiated bydelivery.

(2) La lettre payable au porteur se ngociepar livraison.

Par livraison

By endorsement (3) A bill payable to order is negotiated bythe endorsement of the holder.

R.S., c. B-5, s. 60.

(3) La lettre payable ordre se ngocie parendossement du dtenteur.

S.R., ch. B-5, art. 60.

Par endossement

Withoutendorsement

60. (1) Where the holder of a bill payable tohis order transfers it for value without endors-ing it, the transfer gives the transferee such title

as the transferor had in the bill, and the trans-feree in addition acquires the right to have theendorsement of the transferor.

60. (1) Le transfert titre onreux et sansendossement par le dtenteur dune lettre

payable son ordre confre au cessionnaire les

droits du cdant sur leffet ainsi que le droitdobtenir endossement de celui-ci.

Sansendossement

Representativecapacity

(2) Where any person is under obligation toendorse a bill in a representative capacity, hemay endorse the bill in such terms as to nega-tive personal liability.

R.S., c. B-5, s. 61.

(2) La personne qui se trouve dans lobliga-tion dendosser une lettre titre de reprsentant

peut le faire dans des termes qui dgagent saresponsabilit personnelle.

S.R., ch. B-5, art. 61.

Endossement titre dereprsentant

Endorsing 61. (1) An endorsement in order to operateas a negotiation must be

(a) written on the bill itself and be signed bythe endorser; and

(b) an endorsement of the entire bill.

61. (1) Pour valoir ngociation,lendossement:

a) doit tre fait par crit sur la lettre elle-mme et sign par lendosseur;

b) ne peut tre partiel.

Endos

Allonge (2) An endorsement written on an allonge,or on a copy of a bill issued or negotiated in acountry where copies are recognized, is deemedto be written on the bill itself.

(2) Lendossement figurant sur une allongeou sur une copie dune lettre mise ou ngociedans un pays o les copies sont admises est r-

put fait sur la lettre elle-mme.

Allonge oucopie

Partialendorsement

(3) A partial endorsement, that is to say, anendorsement that purports to transfer to the en-dorsee a part only of the amount payable, orthat purports to transfer the bill to two or moreendorsees severally, does not operate as a nego-tiation of the bill.

R.S., c. B-5, s. 62.

(3) Lendossement partiel, cens transfrersoit une fraction de la somme payer, soitcelle-ci plusieurs endossataires sparment,ne constitue pas une ngociation.

S.R., ch. B-5, art. 62.

Endossementpartiel

Signaturesufficient

62. (1) The simple signature of the endorseron a bill, without additional words, is a suffi-cient endorsement.

62. (1) Lendossement peut consister seule-ment dans la signature de lendosseur.

Endossementavec signatureseulement

Two or morepayees

(2) Where a bill is payable to the order oftwo or more payees or endorsees who are not

(2) La lettre payable lordre de plusieurspreneurs ou endossataires est endosse par tousceux-ci, sauf sils sont en socit de personnes

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partners, all must endorse, unless the one en-dorsing has authority to endorse for the others.

R.S., c. B-5, s. 63.

ou si lendosseur est autoris le faire pour lesautres.

S.R., ch. B-5, art. 63.

Misspellingpayees name

63. Where, in a bill payable to order, thepayee or endorsee is wrongly designated or hisname is misspelt, he may endorse the bill as

therein described, adding his proper signature,or he may endorse by his proper signature.

R.S., c. B-5, s. 64.

63. Le preneur ou lendossataire dune lettrepayable ordre dont la dsignation est erroneou le nom mal orthographi peut endosser la

lettre, soit telle quelle, accompagne de sa vraiesignature, soit sous sa vraie signature.

S.R., ch. B-5, art. 64.

Dsignationerrone

Presumption asto order ofendorsement

64. Where there are two or more endorse-ments on a bill, each endorsement is deemed tohave been made in the order in which it appearson the bill, until the contrary is proved.

R.S., c. B-5, s. 65.

64. En cas dendossements multiples, cha-cun deux est rput, en labsence de preuvecontraire, fait dans lordre o il figure sur lalettre.

S.R., ch. B-5, art. 65.

Prsomptionquant lordredesendossements

Disregardingcondition

65. Where a bill purports to be endorsedconditionally, the condition may be disregarded

by the payer, and payment to the endorsee isvalid, whether the condition has been fulfilledor not.

R.S., c. B-5, s. 66.

65. Le payeur dune lettre cense tre endos-se conditionnellement peut ne pas tenircompte de la condition, et le paiement len-dossataire est valable, que la condition ait tralise ou non.

S.R., ch. B-5, art. 66.

Endossementconditionnel

Endorsement 66. (1) An endorsement may be made inblank or special.

66. (1) Lendossement peut tre en blanc ouspcial.

Endossement

In blank (2) An endorsement in blank specifies noendorsee, and a bill so endorsed becomes

payable to bearer.

(2) Lendossement en blanc ne dsigne au-cun endossataire, leffet devenant ainsi payableau porteur.

Endossement enblanc

Special (3) A special endorsement specifies the per-son to whom, or to whose order, the bill is to be

payable.

(3) Lendossement spcial dsigne la per-sonne qui ou lordre de qui la lettre est

payable.

Endossementspcial

Application ofAct

(4) The provisions of this Act relating to apayee apply, with such modifications as the cir-cumstances require, to an endorsee under a spe-cial endorsement.

(4) Les dispositions de la prsente loi rela-tives au preneur sappliquent, compte tenu desadaptations de circonstance, au bnficiairedun endossement spcial.

Application dela loi

Conversion ofblankendorsement

(5) Where a bill has been endorsed in blank,any holder may convert the blank endorsementinto a special endorsement by writing above theendorsers signature a direction to pay the billto or to the order of himself or some other per-son.

R.S., c. B-5, s. 67.

(5) Le dtenteur dune lettre peut convertirlendossement en blanc en endossement spcialen inscrivant au-dessus de la signature de len-dosseur la mention de son nom ou de payer son ordre, ou celui dun tiers.

S.R., ch. B-5, art. 67.

Conversion dunendossement enblanc

Restrictiveendorsement

67. (1) An endorsement may contain termsmaking it restrictive.

67. (1) Lendossement peut aussi contenirdes restrictions.

Endossementrestrictif

Idem (2) An endorsement is restrictive that pro-hibits the further negotiation of the bill, or thatexpresses that it is a mere authority to deal withthe bill as thereby directed, and not a transfer ofthe ownership thereof, as, for example, if a billis endorsed Pay ... only, or Pay ... for the ac-

(2) Est restrictif lendossement qui interditla ngociation postrieure de la lettre ou donnedes instructions sur sa destination et qui neconstitue pas un transfert de proprit de lef-fet, par exemple quand il porte les mentions : Pa

Documents

Canadian Bills of Exchange Act