BILLS OF EXCHANGE ACT 1909 - SECT 10 Effect where different parties to bill are the same person
BILLS OF EXCHANGE ACT 1909 - SECT 10
Effect where different parties to bill are the same person(1) A bill may be drawn payable to, or to the order of, the drawer; or it may be drawn payable to, or to the order of, the drawee.
(2) 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 or her option, either as
a bill of exchange or as a promissory note.