Section 7
Certainty required as to payee
ActIn forceProvision 7 of 107
Section 7
(1)
Where a bill is not payable to bearer, the payee must be named or otherwise indicated therein with reasonable certainty.
(2)
A bill may be made payable to two or more payees jointly,or it may be made payable in the alternative to one of two, or one or some of several payees. A bill may also be made payable to the holder of an office for the time being.
(3)
Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer.