Bill of Exchange Act

A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed 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. This definition is according to Section 3(1) of the Bill of Exchange Act 1990.

Part 1 (Section 1-2) – Preliminary – General

Section 1 Bill of Exchange Act 1990 – Short title.

Section 2 Bill of Exchange Act 1990 – Interpretation.

Part II (Section 3-72) – Bills of Exchange

>> Form and Interpretation

Section 3 Bill of Exchange Act 1990 – Bill of exchange defined.

Section 4 Bill of Exchange Act 1990 – Inland and foreign bills.

Section 5 Bill of Exchange Act 1990 – Effect where different parties to a bill are the same person.

Section 6 Bill of Exchange Act 1990 – Address to drawee.

Section 7 Bill of Exchange Act 1990 – Certainty required as to payee.

Section 8 Bill of Exchange Act 1990 – What bills are negotiable.

Section 9 Bill of Exchange Act 1990 – Sum payable.

Section 10 Bill of Exchange Act 1990 – Bill payable on demand.

Section 11 Bill of Exchange Act 1990 – Bill payable at a future time.

Section 12 Bill of Exchange Act 1990 – Omission of date in bill payable after date.

Section 13 Bill of Exchange Act 1990 – Ante-dating and post-dating.