View; opinion; the counsel given by lawyers to their clients; an opinion expressed as to wisdom of future conduct The instruction usually given by one merchant or banker to another by letter, informing him of shipments made to him, or of bills or drafts drawn on him, with particulars of date, or sight, the sum, and the payee. Bills presented for acceptance or payment are frequently dishonored tor want of advice. Letter of advice. A communication from one person to another, advising or warning the latter of something which he ought to know, and commonly apprising him beforehand of some act done by the writer which will ultimately affect the recipient. It is usual and perfectly proper for the drawer of a bill of exchange to write a letter of advice to the drawee, as well to prevent fraud or alteration of the bill, as to let the drawee know what provision has been made for the payment of the bill. Chit Bills, 162.
Law Dictionary – Alternative Legal Definition
(A) com. law. A letter containing information of any circumstances unknown to the person to whom it is written; when goods are forwarded by sea or land, the letter transmitted to inform the consignee of the fact, is termed advice of goods, or letter of advice. When one merchant draws upon another, he generally advises him of the fact. These letters are intended to give notice of the facts they contain. (B) practice. The opinion given by counsel to their clients; this should never be done but upon mature deliberation to the best of the counsel’s ability; and without regard to the consideration whether it will affect the client favorably or unfavorably.