Adams (C. C.) 59 Fed
Categories: Contracts
Definition (1910 Edition)
247.—First of exch . Where a set of bills of exchange is drawn in duplicate or triplicate, for greater safety in their transmission, all being of the same tenor, and the intention being that the acceptance and payment of any one of them (the first to arrive safely) shall cancel the others of the set, they are called individually the “first of exchange,” ‘‘seeond of exchange,” etc. See
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.