(2) An instrument which does not comply with these conditions, or which orders any act to be done in addition to the payment of money, is not a bill of exchange. (1) 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. Bills of Exchange Form and Interpretation U.K. Â Personâ includes a body of persons whether incorporated or not. Â Issueâ means the first delivery of a bill or note, complete in form to a person who takes it as a holder. Â Indorsementâ means an indorsement completed by delivery. Â Holderâ means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof. Â Deliveryâ means transfer of possession, actual or constructive, from one person to another. Â Billâ means bill of exchange, and â noteâ means promissory note. Â Bearerâ means the person in possession of a bill or note which is payable to bearer. Â Bankruptâ includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy. Â Bankerâ includes a body of persons whether incorporated or not who carry on the business of banking. Â Actionâ includes counter claim and set off. Â Acceptanceâ means an acceptance completed by delivery or notification. In this Act, unless the context otherwise requires,â This Act may be cited as the Bills of Exchange Act 1882.
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