1852 ORDINANCE No. 9 of 1885 .
Bills of Exchange.
Interpreta ▬▬▬▬▬▬▬▬▬▬▬▬▬
2. In this Ordinance, unless the context otherwise requires,
tion of terms.
""
Acceptance " nieans an acceptance completed by delivery or
notification .
" Action" means " suit or action " and includes counter claim
and set off.
" Banker " includes a body of persons whether incorporated or
not who carry on the business of banking.
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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 .
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'Bearer" means the person in possession of a bill or note which
is payable to bearer.
"Bill" means bill of exchange, and " note " means promissory
note.
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' Delivery " means transfer of possession , actual or constructive,
from one person to another.
" Holder " means the payee or indorsee of a bill or note who is
in possession of it, or the bearer thereof.
"Indorsement " means an indorsement completed by delivery .
" Issue " means the first delivery of a bill or note, complete in
form to a person who takes it as a holder.
" Person " includes a body of persons whether incorporated or
not.
" Value" means valuable consideration.
"Written " includes printed, and " writing " includes print.
PART II.
BILLS OF EXCHANGE.
Form and interpretation.
Bill of 3. ( 1. ) A bill of exchange is an unconditional order in writing ,
exchange
defined. 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 certain in money to or to the
order of a specified person, or to bearer.