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In force2020 Revised Edition

Part 4 · Promissory Notes

94. Joint and several notes

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(1)

A promissory note may be made by 2 or more makers, and they may be liable thereon jointly, or jointly and severally according to its tenor.

(2)

Where a note runs “I promise to pay” and is signed by 2 or more persons it is deemed to be their joint and several note.

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