1886 ORDINANCE No. 9 OF 1885 .
Bills of Exchange.
liable ; but when a place of payment is indicated by way of memorandum
only , presentment at that place is sufficient to render the indorser liable,
but a presentment to the maker elsewhere, if sufficient in other respects ,
shall also suffice.
Liability of 88. The maker of a promissory note by making it—
maker.
( 1. ) Engages that he will pay it according to its tenour ;
( 2. ) Is precluded from denying to a holder in due course the
existence of the payee and his then capacity to indorse.
Application 89. ( 1. ) Subject to the provisions in this part and , except as by
of part II. to
notes. this section provided , the provisions of this Ordinance relating to bills of
exchange apply, with the necessary modifications, to promissory notes.
(2. ) In applying those provisions the maker of a note shall be deemed
to correspond with the acceptor of a bill, and the first indorser of a note
shall be deemed to correspond with the drawer of an accepted bill payable
to drawer's order.
(3. ) The following provisions as to bills do not apply to notes ;
namely, provisions relating to
( a. ) Presentment for acceptance ;
(b.) Acceptance ;
(c. ) Acceptance suprà protest ;
(d.) Bills in a set.
(4. ) Where a foreign note is dishonoured , protest thereof is unneces
sary.
PART V.
SUPPLEMENTARY.
Good faith 90. A thing is deemed to be done in good faith, within the meaning
of this Ordinance, where it is in fact done honestly, whether it is done
negligently or not.
Signature. 91. ( 1. ) Where, by this Ordinance, any instrument or writing is
required to be signed by any person , it is not necessary that he should
sign it with his own hand , but it is sufficient if his signature is written
thereon by some other person by or under his authority.