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 4 · Promissory Notes
97. Liability of maker
Feedback & supportThe maker of a promissory note by making it —
(a)
engages that he will pay it according to its tenor;
(b)
is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.
holder
Defined · s 2
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;