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Bills of Exchange Act 🇳🇬


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Bills of Exchange Act

  • Commenced on 19 August 1917
  • [Up to date as at 31 December 2002]
  • [Note: The original publication document is not available and this content could not be verified.]
An act to codify the law relating to bills of exchange, cheques and promissory note

Part I – Preliminary General

1. Short title

This Act may be cited as the Bills of Exchange Act.

2. Interpretation

(1)In this Act-"acceptance" means an acceptance completed by delivery or notification;"action" includes a counterclaim and set-off;"banker" includes a body of persons whether incorporated or not who carryon the business of banking;"bankrupt" includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy;"bearer" means the person in possession of a bill or note which is payable to bearer;"bill" means bill of exchange;"delivery" means transfer of possession, actual or constructive, from one person to another;"endorsement" means an endorsement complete…

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