| Commentary

5 Bill of exchange

| Commentary

3: STATUTORY DEFINITIONS

5 Bill of exchange

The Bills of Exchange Act 1882 defines a bill of exchange1 as an unconditional order in writing addressed by one person to another signed2 by the person giving it (ie the drawer), requiring the person to whom it is addressed (ie the drawee) to pay on demand or at fixed date or determinable future date3 a sum certain in money to or to the order of a specified person or to bearer4.

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