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Section 90

Joint and several notes

of Bills of Exchange Act 1949

ActIn forceProvision 95 of 107
Section 90
(1)

A promissory note may be made by two or more makers, and they may be liable thereon jointly, or jointly and severally according to its tenor.

(2)

Where a note runs “I promise to pay” and is signed by two or more persons it is deemed to be their joint and several note.