BILLS OF EXCHANGE ACT

Section 91: Application of Part II to notes.

1917Section 91 of 98Federal Republic of Nigeria

(1) Subject to the provisions in this Part of this Act, and except as by this section provided, the provisions of this Act relating to bills of exchange apply, with the necessary modifications, to promissory notes.
(2) In applying those provisions, the maker of a note shall be deemed to correspond with the acceptor of a bill, and the first endorser of a note shall be deemed to correspond with the drawer of an accepted bill payable to drawer's order.
(3) The following provisions as to bills do not apply to notes; namely, provisions relating to-
(a) presentment for acceptance;
(b) acceptance;
(c) acceptance supra protest;
(d) bills in a set.
(4) Where a foreign note is dishonoured, protest thereof is unnecessary.

Cite this section

Section 91, BILLS OF EXCHANGE ACT (1917).

https://repo.podus.ai/laws/bills-of-exchange-act/section/91/