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Bills of Exchange Act · s 88
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Bills of Exchange Act · s 88
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
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.
An instrument in the form of a note payable to maker’s order is not a note within the meaning of this section unless it is indorsed by the maker.
A note is not invalid by reason only that it contains also a pledge of collateral security with authority to sell or dispose thereof.
A note which is, or on the face of it purports to be, both made and payable within Brunei Darussalam is an inland note. Any other note is a foreign note.