Bills of Exchange Act · s 5

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s 5Effect where different parties to bill are same person

(1)

A bill may be drawn payable to, or to the order of the drawer; or it may be drawn payable to, or to the order of, the drawee.

(2)

Where in a bill drawer and drawee are the same person, or where the drawee is a fictitious person or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or as a promissory note.

Bills of Exchange 12