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Bill of exchange.



Bill of exchange means an unconditional order in writing, addressed by one person to another signed by one person to another, signed by 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 the order a specified person, or to bearer per section 3(1) of Bill of Exchange Ordinance, Cap. 215.

Check: It is a bill of exchange drawn on a banker and payable on demand see section 73 of Bill of Exchange Ordinance. 

Banker: it is defined in section 2 of Bill of Exchange Ordinance to include a body of persons whether incorporated or not who carry business of banking.

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