Rules of the Conflict of Laws Applicable to Bills and Notes (Part 2)

Abstract

The Hague Convention requires a bill or note to be designated as such, the provision being intended to give to the instrument an earmark which will readily identify it. The bill or note must.indicate also the date, the place of issue and the name of the payee. Anglo-American law is different in all of the above respects. The only form of acceptance recognized by the Convention of the Hague is an acceptance upon the face of the bill itself. In England and the United States it need not be upon the face of the bill. Under the Negotiable Instruments Law it need not appear even upon the bill. An unconditional promise in writing to accept a bill before it is drawn is deemed an actual acceptance in favor of every person, who, on the faith thereof, receives the bill for value.