AN ACT to re-enact, with minor modifications, the law relating to Bills of Exchange, and to provide for related matters.
CROSSHEADING Bills of Exchange
1. Bill of exchange defined
(1)A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum of money to or to the order of a specified person or to bearer.(2)An instrument which does not comply with subsection (1) or which orders an act to be done in addition to the payment of money is not a bill of exchange.(3)An order to pay out of a particular fund is not unconditional within the meaning of subsection (1); but an unqualified order to pay is unconditional if…
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