1964 Ed.]
Bills of Exchange.
[CAP. 19
35
(c) any document issued by a public officer which is intended to enable a person to obtain payment from the Accountant General of the sum mentioned in the document but is not a bill of exchange;
(d) any draft payable on demand drawn by a banker upon himself, whether payable at the head office or some other office of his bank.
(3) A banker is not to be treated for the purposes of this section as having been negligent by reason only of his failure to concern himself with absence of, or irregularity in, indorsement of an instrument.
(Added, 55 of 1960, s. 2)
87. The provisions of this Part of this Ordinance relating to crossed cheques shall, so far as applicable, have effect in relation to instruments (other than cheques) to which section 86 applies as they have effect in relation to cheques.
(Added, 55 of 1960, s. 2)
88. The provisions of this Part of this Ordinance do not make negotiable any instrument which, apart from such provisions, is not negotiable.
(Added, 55 of 1960, s. 2)
Application of provisions of this part to instruments not being bills of exchange.
5 & 6 Eliz. 2 c. 36, s. 5.
Saving.
5 & 6 Eliz. 2 c. 36, s. 6.
PART IV.
(Amended, 51 of 1911, and 63 of 1911, Schedule)
PROMISSORY NOTES.
89. (1) A promissory note is an unconditional promise in writing made by one person to another signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money to, or to the order of, a specified person or to bearer.
(2) An instrument in the form of a note payable to maker's order is not a note within the meaning of this section, unless and until it is indorsed by the maker.
(3) A note is not invalid by reason only that it contains also a pledge of collateral security, with authority to sell or dispose thereof.
(4) A note which is, or on the face of it purports to be, both made and payable within the Colony is an inland note. Any other note is a foreign note.
90. A promissory note is inchoate and incomplete until delivery thereof to the payee or bearer.
Definition of promissory note.
43 & 46 Vict. c. 61, s. 83.
Delivery necessary. 45 & 46 Vict. c. 61, s. 84.