Sight

(redirected from Far sight)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

SIGHT, contracts. Bills of exchange are frequently made payable at sight, that is, on presentment, which might be taken naturally to mean that the bill should then be paid without further delay; but although the point be not clearly settled, it seems the drawee is entitled to the days of grace. Beaw. Lex Mer. pl. 256; Kyd on Bills, 10; Chit. on Bills, 343-4; Bayley on Bills, 42, 109, 110; Selw. N. P. 339.
     2.-The holder of a bill payable at sight, is required to use due diligence to put it into circulation, or have it presented for acceptance within a reasonable time. 20 John. 146; 7 Cowen, 705; 12 Pick. 399 13 Mass. 137; 4 Mason, 336; 5 Mason's 118; 1 McCord, 322; 1 Hawks, 195.
     3. When the bill is payable any number of days after sight, the time begins to run from the period of presentment and acceptance, and not from the time of mere presentment. 1 Mason, 176; 20 John. 176.

References in periodicals archive ?
FAR SIGHTED Victoria Thompson, of North East Business Innovation Centre, with winner Max Robinson, Durham Scientific Crystals.
The far sighted Solihull councillors wanted some protection for the pupils and staff at the heavily populated Park Hall school.
He said the government was fully committed to overcome these challenges following the far sighted vision of Prime Minister Mohammad Nawaz Sharif.