TITLE 7
BILLS OF EXCHANGE
PRELIMINARY
325. INTERPRETATION
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(1) In this Title, unless the context otherwise requires—
“acceptance” means an acceptance completed by delivery or notification;
“action” includes counter claim and set off;
“banker” includes a body of persons, whether incorporated or not, who carry on the business of banking;
“bankrupt” includes any person whose estate is vested in a trustee, assignee, or curator, under the law for the time being in force relating to bankruptcy;
“bearer” means the person in possession of a bill or note which is payable to bearer;
“Bill” means bill of exchange, and “note” means promissory note;
“delivery” means transfer of possession, actual or constructive, form one person to another;
“holder” means the payee or indorsee of a bill or note who in possession of it, or the bearer thereof;
“indorsement” means an indorsement completed by delivery;
“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
“Minister” means the Minister responsible for finance; (Inserted by Act 14 of 2010)
“person” includes a body of persons,, whether incorporated or not;
“value” means valuable consideration;
“written” includes printed, and “writing” includes print.