Back

The Negotiable Instruments Law

THE NEGOTIABLE INSTRUMENTS LAW

Act No. 2031 | 1911-02-03
Knowledge entries


I. FORM AND INTERPRETATION

Section 1. Form of negotiable instruments. - An instrument to be negotiable must conform to the following requirements:

    (a) It must be in writing and signed by the maker or drawer;

    (b) Must contain an unconditional promise or order to pay a sum certain in money;

    (c) Must be payable on demand, or at a fixed or determinable future time;

    (d) Must be payable to order or to bearer; and

    (e) Where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty.

Sec. 2. What...