" (6) The return of a dishonoured bill to the drawer or an indorser is, in point of form, deemed a sufficient notice of dishonour.
" (7) A written notice need not be signed, and an insufficient written notice may be supplemented and validated by verbal communication. A mis description of the bill shall not vitiate the notice unless the party to whom the notice is given is in fact misled thereby.
" (8) Where notice of dishonour is required to be given to any person, it may be given either to the party himself, or to his agent in that behalf.
" (9) Where the drawer or indorser is dead, and the party giving notice knows it, the notice must be given to a personal representative if such there be, and with the exercise of reasonable diligence he can be found.
" (10) Where the drawer or indorser is bankrupt, notice may be given either to the party himself or to the trustee.
" (11) Where there are two or more drawers or indorsers who are not partners, notice must be given to each of them, unless one of them has authority to receive such notice for the others.
" (12) The notice may be given as soon as the bill is dishonoured and must be given within a reasonable time thereafter.
" In the absence of special circumstances notice is not deemed to have been given within a reasonable time, unless " (a) where the person giving and the person to receive notice reside in the same place, the notice is given or sent off in time to reach the latter on the day after the dishonour of the bill ; " (b) where the person giving and the person to receive notice reside in different places, the notice is sent off on the day after the dishonour of the bill, if there be a post at a convenient hour on that day, and if there be no such post on that day then by the next post thereafter.
" (13) Where a bill when dishonoured is in the hands of an agent, he may either himself give notice to the parties liable on the bill, or he may give notice to his principal. If he give notice to his principal, he must do so within the same time as if he were the holder, and the principal upon receipt of such notice has himself the same time for giving notice as if the agent had been an independent holder.
" (14) Where a party to a bill receives due notice of dishonour, he has after the receipt of such notice the same period of time for giving notice to antecedent parties that the holder has after the dishonour.
" (15) Where a notice of dishonour is duly addressed and posted, the sender is deemed to have given due notice of dishonour, notwithstand ing any miscarriage by the post office." Under certain circumstances the Act excuses non-notice of dishonour, or delay in giving notice. Section 50 provides : " (1) Delay in giving notice of dishonour is excused where the delay is caused by circumstances beyond the con trol of the party giving notice, and not imputable to his default, mis conduct, or negligence. When the cause of delay ceases to operate the notice must be given with reasonable diligence.
' (2) Notice of dishonour is dispensed with " (a) When, after the exercise of reasonable diligence, notice as required by this Act cannot be given to or does not reach the drawer or indorser sought to be charged : (b) By waiver express or implied. Notice of dishonour may be waived before the time of giving notice has arrived, or after the omission to give due notice : " (c) As regards the drawer in the following cases, namely, (1) where drawer and drawee are the same person, (2) where the drawee is a ficti tious person or a person not having capacity to contract, (3) where the drawer is the person to whom the bill is presented for payment, (4) where the drawee or ac ceptor is as between himself and the drawer under no obligation to accept or pay the bill, (5) where the drawer has countermanded pay ment : " (d) As regards the indorser in the following cases, namely, (1) where the drawee is a fictitious person or a person not having capacity to con tract and the indorser was aware of the fact at the time he indorsed the bill, (2) where the indorser is the person to whom the bill is presented for payment, (3) where the bill was accepted or made for his accommoda tion." As the result of several decisions, it has been conceived that in all cases where, in consequence of the dishonour of bills or notes, made or become payable to bearer, a remedy arises on the consideration, the transferor is entitled to notice of dishonour.