UAE Commercial Transactions Law

Article 543 — Article (543)

Book Four: Commercial Papers · Part One: Bill of Exchange · Chapter Three: Consideration for Payment of the Bill of Exchange: Article (542)

The consideration for payment shall be deemed available when, on the maturity date of the bill of exchange, the drawee is indebted to the drawer or to the person who ordered the drawing for a sum which is due and at least equal to the sum of the bill of exchange.

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