Acts1 min read
Section 130Sec./Art. 130
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
When bill may be treated as promissory note.- Where in a bill drawer and drawee are the same person, or where 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 of exchange or a promissory note.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.