In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Bills of Exchange Act 1949 · 2020 Revised Edition · Part 2 · Bills of Exchange
11. Bill payable at future time
Feedback & support(1)
A bill is payable at a determinable future time within the meaning of this Act which is expressed to be payable —
(a)
at a fixed period after date or sight; or
(b)
on or at a fixed period after the occurrence of a specified event which is certain to happen, though the time of happening may be uncertain.
(2)
An instrument expressed to be payable on a contingency is not a bill, and the happening of the event does not cure the defect.