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Interpretation of terms.
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2. In this Act, unless the context otherwise requires,—
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“Acceptance” means an acceptance completed by delivery or notification.
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“Action” includes counter claim and set off.
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“Banker” includes a body of persons whether incorporated or not who carry on the business of banking.
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“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.
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“Bearer” means the person in possession of a bill or note which is payable to bearer.
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“Bill” means bill of exchange, and “note” means promissory note.
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“Delivery” means transfer of possession, actual or constructive, from one person to another.
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“Holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof.
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“Indorsement” means an indorsement completed by delivery.
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“Issue” means the first delivery of a bill or note, complete in form to a person who takes it as a holder.
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“Person” includes a body of persons whether incorporated or not.
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“Value” means valuable consideration.
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“Written” includes printed, and “writing” includes print.
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