ORDINANCE No. 9 OF 1885 . 1881
Bills of Exchange.
(6. ) Subject to the preceding rules, where any one part of a bill
drawn in a set is discharged by payment or otherwise, the whole bill is
discharged .
Conflict of laws.
72. Where a bill drawn in one country is negotiated , accepted , or Rules where
laws conflict.
payable in another, the rights , duties , and liabilities of the parties thereto
are determined as follows :
( 1. ) The validity of a bill as regards requisites in form is determined
by the law of the place of issue, and the validity as regards requisites in
form of the supervening contracts , such as acceptance , or indorsement, or
acceptance suprà protest , is determined by the law
of the place where
such contract was made.
Provided that
(a. ) Where a bill is issued out of this Colony it is not invalid
by reason only that it is not stamped in accordance with
the law of the place of issue :
(b. ) Where a bill , issued out of this Colony, conforms, as regards
requisites in form, to the law of this Colony , it may, for
the purpose of enforcing payment thereof, be treated as
valid as between all persons who negotiate, hold , or
become parties to it in this Colony.
(2. ) Subject to the provisions of this Ordinance, the interpretation
of the drawing, indorsement , acceptance, or acceptance suprà protest of a
bill, is determined by the law of the place where such contract is made.
Provided that where an inland bill is indorsed in a foreign country
the indorsement shall as regards the payer be interpreted according to the
law of this Colony.
(3. ) The duties of the holder with respect to presentment for accept
ance or payment and the necessity for or sufficiency of a protest or notice
of dishonour , or otherwise , are determined by the law of the place where
the act is done or the bill is dishonoured.
(4. ) Where a bill is drawn out of but payable in this Colony and
the sum payable is not expressed in the currency of this Colony, the
amount shall, in the absence of some express stipulation , be calculated
.
according to the rate of exchange for sight drafts at the place of payment
on the day the bill is payable.