In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bills of Exchange Act · 2023 Revised Edition · Part 2
Bills of Exchange Act · 2023 Revised Edition · Part 2
Official textFrom Attorney General's Chambers, unchanged
The sum payable by a bill is a sum certain within the meaning of this Act, although it is required to be paid —
with interest;
by stated instalments;
by stated instalments, with a provision that upon default in payment of any instalment the whole sum shall become due;
according to an indicated rate of exchange or according to a rate of exchange to be ascertained as directed by the bill.
Where the sum payable is expressed in words and also in figures, and there is a discrepancy between the two, the sum denoted by the words is the amount payable.
Where a bill is expressed to be payable with interest, unless the instrument otherwise provides, interest runs from the date of the bill, and, if the bill is undated, from the issue thereof.
issue
“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
issue
“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
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