Bills of Exchange Act, 1964 (Act No. 34 of 1964)

Chapter I

Bills of exchange - form and interpretation

4. Requirements as to drawee

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(1)The drawee must be named or otherwise indicated with reasonable certainty in a bill.

 

(2)A bill may be addressed to two or more drawees, whether they are partners or not, but an order addressed to two or more drawees in the alternative, or to two or more drawees in succession, is not a bill of exchange.