BILLS OF EXCHANGE.
No. 3 of 1885.
283
(2) An instrument which does not comply with these conditions, or which orders any 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 this section; but an unqualified order to pay, coupled with—
(a) an indication of a particular fund out of which the drawee is to reimburse himself or a particular account to be debited with the amount; or
(b) a statement of the transaction which gives rise to the bill, is unconditional.
(4) A bill is not invalid by reason—
(a) that it is not dated;
(b) that it does not specify the value given or that any value has been given therefor;
(c) that it does not specify the place where it is drawn or the place where it is payable.
4. (1) An inland bill is a bill which is or on the face of it purports to be,
(a) both drawn and payable within this Colony; or
(b) drawn within this Colony, upon some person resident therein.
(2) Any other bill is a foreign bill.
(3) Unless the contrary appears on the face of the bill, the holder may treat it as an inland bill.
5. (1) A bill may be drawn payable to, or to the order of, the drawer; or it may be drawn payable to, or to the order of, the drawee.
(2) Where, in a bill, drawer and drawee are the same person, or where the drawee is a fictitious person or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or as a promissory note.
6. (1) The drawee must be named or otherwise indicated in a bill with reasonable certainty.
(2) A bill may be addressed to two or more drawees, whether they are partners or not, but an order addressed to...