Acceptance, Protest, Dishonour and Forgery of Negotiable Instruments

Summary

This practice note discusses acceptance and delivery of negotiable instruments and identifies the required forms of acceptance and delivery. It also describes the circumstances in which a negotiable instrument is considered “dishonoured” and what happens once the negotiable instrument has been dishonoured. Finally, this practice note looks at the consequences resulting from a forged signature on a negotiable instrument and the drawer’s right of action against the drawee for recovery relating to such forgery.