Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Bills of Exchange Act, 1964 (Act No. 34 of 1964)Chapter IBills of exchange - form and interpretation3. Effect if different parties to a bill are the same person, or drawee a fictitious person or not having capacity to contract |
| (1) | A bill may be drawn payable to the drawer or his order, or it may be drawn payable to the drawee or his order. |
| (2) | If in a bill, drawer and drawee are the same person, or the drawee is a fictitious person, or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill or as a note. |
