BILLS OF EXCHANGE ACT 1882 - SECT 5 Effect where different parties to bill are the same person.

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BILLS OF EXCHANGE ACT 1882 - SECT 5

Effect where different parties to bill are the same person.

5.(1) A bill may be drawn payable to, or to the order of, the drawer; or it
may be drawn payable to, or to the order of, the drawee.

(2) Where in a bill drawer and drawee are the same person, or where the drawee
is a fictitious person or a person not having capacity to contract, the holder
may treat the instrument, at his option, either as a bill of exchange or as a
promissory note.

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Northern Irish Legislation

BILLS OF EXCHANGE ACT 1882 - SECT 5