UAE Commercial Transactions Law

Article 515 — Article (515)

Book Four: Commercial Papers · Part One: Bill of Exchange · Chapter One: Drawing Up a Bill of Exchange: Article (515)

A bill of exchange shall contain the following particulars: 1. The words "Bill of Exchange" written in the body thereof and in the language in which the bill is written. 2. An unconditional order to pay a fixed sum of money. 3. The place and date of drawing up the bill. 4. The signature of the drawer. 5. The given name and surname of the drawee. 6. The name of the person to whom or to whose order payment shall be made (the payee). 7. The date of maturity and place of payment.

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