UAE Commercial Transactions Law — Article 528 — Article (528)
Book Four: Commercial Papers · Part One: Bill of Exchange · Chapter One: Drawing Up a Bill of Exchange: Article (515)
1. A drawer of a bill of exchange shall guarantee its acceptance and payment.
2. A drawer of a bill of exchange may further stipulate that he shall be exempted from the guarantee of acceptance; however, any stipulation for exemption from the guarantee of payment shall be deemed null and void.
Interpretation and application must be checked against the official text and current version.
