BILLS OF EXCHANGE.
No. 3 of 1885.
223
of sections 76 to 82
82B. Sections 76 to 82, both inclusive, shall extend to any document issued by a customer of any banker, and intended to enable any person or body corporate to obtain payment from such banker of the sum mentioned in such document, and shall so extend in like manner as if the said document were a cheque: 46 & 47 Vict. c. 55, s. 17. Provided that nothing in this section shall be deemed to render any such document a negotiable instrument. For the purposes of this section the Colonial Treasurer shall be deemed to be a banker, and the public officers drawing on him shall be deemed customers.
PART IV.
PROMISSORY NOTES.
83.-(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 this Colony is an inland note. Any other note is a foreign note.
84. A promissory note is inchoate and incomplete until delivery thereof to the payee or bearer.
85.-(1) A promissory note may be made by two or more makers, and they may be liable thereon jointly, or jointly and severally, according to its tenor.
(2) Where a note runs "I promise to pay" and is signed by two or more persons, it is deemed to be their joint and several note.
* As amended by No. 9 of 1936 [31.1.36].
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Page 36
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BILLS OF EXCHANGE.
No. 3 of 1885.
223
of sections 76 to 82
82B. Sections 76 to 82, both inclusive, shall extend to any Extension document issued by a customer of any banker, and intended to enable any person or body corporate to obtain payment from to certain such banker of the sum mentioned in such document, and shall other
documents. so extend in like manner as if the said document were a cheque: 46 & 47 Vict. Provided that nothing in this section shall be deemed to render c. 55, s. 17. any such document a negotiable instrument. For the purposes of this section the Colonial Treasurer shall be deemed to be a banker, and the public officers drawing on him shall be deemed
customers.
+
PART IV.
PROMISSORY NOTES.
note.
83.-(1) A promissory note is an unconditional promise in Definition of writing made by one person to another signed by the maker, promissory 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 this Colony is an inland note. Any other note is a foreign note.
84. A promissory note is inchoate and incomplete until Delivery delivery thereof to the payee or bearer.
necessary.
85.-(1) A promissory note may be made by two or more Joint and makers, and they may be liable thereon jointly, or jointly and several severally, according to its tenor.
"
(2) Where a note runs I promise to pay " and is signed by two or more persons, it is deemed to be their joint and several
note.
notes.
* As amended by No. 9 of 1836 [31.1.36].
Page 35Page 36
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