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UNCITRAL Convention on International Bills of Exchange and International Promissory Notes, 1988
United Nations (UN)
copy @ Lex Mercatoria
1. A bill of exchange is a written instrument which:
(a) Contains an unconditional order whereby the drawer directs the drawee to pay a definite sum of money to the payee or to his order;
(b) Is payable on demand or at a definite time;
(c) Is dated;
(d) Is signed by the drawer.
2. A promissory note is a written instrument which:
(a) Contains an unconditional promise whereby the maker undertakes to pay a definite sum of money to the payee or to his order;
(b) Is payable on demand or at a definite time;
(c) Is dated;
(d) Is signed by the maker.
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