Commonwealth Consolidated Acts

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CHEQUES ACT 1986 - SECT 35

Valuable consideration defined

             (1)  Valuable consideration for a cheque may be constituted by:

                     (a)  any consideration sufficient to support a simple contract; or

                     (b)  an antecedent debt or liability.

             (2)  An antecedent debt or liability may constitute valuable consideration for a cheque whether or not the cheque is post‑dated.


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