Bills of Exchange Ordinance

(1)
Where a person signs a bill as drawer, indorser, or acceptor, and adds words to his signature, indicating that he signs for or on behalf of a principal or in a representative character, he is not personally liable thereon; but, subject to
section 26A
, the mere addition to his signature of words describing him as an agent, or as filling a representative character, does not exempt him from personal liability.
(Amended
16 of 1983 s. 2
)
(2)
In determining whether a signature on a bill is that of the principal or that of the agent by whose hand it is written, the construction most favourable to the validity of the instrument shall be adopted.
[cf. 1882 c. 61 s. 26 U.K.]