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Bills of Exchange Act 1949/Section 81

Singapore legislation

Section 81

of Bills of Exchange Act 1949

Section 81

Effect of “not negotiable” crossing on holder

Where a person takes a crossed cheque which bears on it the words “not negotiable”, he shall not have and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had.

Read in full context — Bills of Exchange Act 1949 →
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