[ Act No. 2031, February 03, 1911 ]
AN ACT ENTITLED "THE NEGOTIABLE INSTRUMENTS LAW."
By authority of the United States, be it enacted by the Philippine Legislature, that:
TITLE I.
NEGOTIABLE INSTRUMENTS IN GENERAL.
CHAPTER I.
FORM AND INTERPRETATION.
SECTION 1. Form of negotiable instrument.—An instrument to be negotiable must conform to the following requirements:
(a) It must be in writing and signed by the maker or drawer;
(b) Must contain an unconditional promise or order to pay a sum certain in money;
(c) Must be payable on demand, or at a fixed or determinable future time;
(d) Must be payable to order or to bearer; and
(e) Where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty.
SEC. 2. Certainly as to sum ; what constitutes.—The sum payable sum is a sum certain within the meaning of this Act, although it is to be paid—
(a) With interest; or
(b) By stated installments^ or
(c) By stated installments, with a...
