Interpretation
In this Act, unless the context otherwise requires (a) "acceptance" means an acceptance completed by delivery or notification;
"action" includes counterclaim and setoff;
"banker" includes a body of persons whether incorporated or not who carry on the business of banking;
"bankrupt" includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy;
"bearer" means the person in possession of a bill or note which is payable to bearer;
"bill" means bill of exchange, and "note" means promissory note;
"delivery" means transfer of possession, actual or constructive, from one person to another;
"endorsement" means an endorsement completed by delivery;
"holder" means the payee or endorsee of a bill or note who is in possession of it, or the bearer of a bill or note;
"issue" means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
"person" includes a body of persons whether incorporated or not;
"value" means valuable consideration;
"written" includes printed, and "writing" includes print.
Section analysis Source linked
This section supplies the definitions or statutory meaning governing “Interpretation”.
“In this Act, unless the context otherwise requires (a) "acceptance" means an acceptance completed by delivery or notification;”
Use this definition when interpreting other provisions that employ the language addressed by “Interpretation”.
Operative requirements extracted from the consolidated text.
- (b) "action" includes counterclaim and setoff;
- (c) "banker" includes a body of persons whether incorporated or not who carry on the business of banking;
- (d) "bankrupt" includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy;
- (e) "bearer" means the person in possession of a bill or note which is payable to bearer;
- (f) "bill" means bill of exchange, and "note" means promissory note;
- (g) "delivery" means transfer of possession, actual or constructive, from one person to another;
- (h) "endorsement" means an endorsement completed by delivery;
- (i) "holder" means the payee or endorsee of a bill or note who is in possession of it, or the bearer of a bill or note;
4 further items remain in the statutory text above.
Express propositions in source-matched passages from judgments citing this section.
No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.
No express internal or cross-Act reference appears in this section.
No section-specific amendment note or instrument-level amendment history appears in this consolidation.