| Commentary

33 Banker’s drafts

| Commentary

33 Banker’s drafts

A banker’s draft is another instrument that looks like a cheque but falls outside the statutory definition of a bill of exchange1. This is because the drawer and the drawee are the same person. Another branch or the head office of the same bank is not a different person for these purposes2 although a draft drawn by one banker upon another is, of course, a cheque.

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