![]() (a) an indication of a particular fund out of which the drawee is to reimburse himself or a particular account to be debited with the amount, or ![]() (3) An order to pay out of a particular fund is not unconditional within the meaning of this section, except that an unqualified order to pay, coupled with (2) An instrument that does not comply with the requirements of subsection (1), or that orders any act to be done in addition to the payment of money, is not, except as hereinafter provided, a bill. Marginal note:Non-compliance with requisites ![]() PART II Bills of Exchange Form and Interpretation of Billġ6 (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. (c) failure to do any act or thing by reason of the branch not being open for business on that day does not give rise to any rights. (b) a bill or note payable on demand cannot be duly presented for acceptance or payment at the branch on that day and (a) the time for doing any act or thing at the branch, if the time expires or falls on that day, is deemed to expire or fall, as the case may be, on the next following business day on which the branch is open for business (4) In all matters relating to bills or notes, notwithstanding any other provision of this Act, if a branch of a bank carrying on business is not open for business on a business day Marginal note:Where bank not open for business (3) Notwithstanding any other provision of this Act, a cheque may be presented and paid on a Saturday or a non-juridical day if the drawee is open for business at the time of the presentment and the presentment in all other respects is in accordance with this Act, and the non-acceptance or non-payment of a cheque so presented gives rise to the same rights as though it had been presented on a business day other than a Saturday. (c) failure to do any act or thing on a Saturday does not give rise to any rights. (b) a bill or note payable on demand cannot be duly presented for acceptance or payment on a Saturday and (a) if the time for doing any act or thing expires or falls on a Saturday, that time is deemed to expire or fall, as the case may be, on the next following business day (2) In all matters relating to bills or notes, Value means valuable consideration. ( Version anglaise seulement)Ħ (1) Where, by this Act, the time limited for doing any act or thing is less than three days, in reckoning time, non-business days are excluded. Note means promissory note ( billet) value Non-business days means days directed by this Act to be observed as legal holidays or non-juridical days, and any other day is a business day ( jours fériés) note Issue means the first delivery of a bill or note, complete in form, to a person who takes it as a holder ( émission) non-business days Holder means the payee or endorsee of a bill or note who is in possession of it, or the bearer thereof ( détenteur) issue Acceptance means an acceptance completed by delivery or notification ( acceptation) actionĪction includes counter-claim and set-off ( action) bankīank means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ( banque) bearerīearer means the person in possession of a bill or note that is payable to bearer ( porteur) billīill means bill of exchange ( lettre) defenceĭefence includes counter-claim ( défense) deliveryĭelivery means transfer of possession, actual or constructive, from one person to another ( livraison) endorsementĮndorsement means an endorsement completed by delivery ( endossement ou endos) holder
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