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What is Bills of Exchange Ordinance Overview about?

This document provides definitions and rules related to bills of exchange, promissory notes, and related financial instruments under Sri Lankan law. It defines key terms like bill, note, acceptance, indorsement, and establishes what makes a bill unconditional. It also addresses rules regarding the payee, drawee, whether an instrument is negotiable or not, and certainties required for the payment amount. The overall purpose is to establish the legal framework for these instruments in Sri Lanka.

Author

Nuwan Tharanga Liyanage

Language

EN