{
  "url": "https://openlegislation.uk/bills-of-exchange-act-1882/section-27",
  "json_url": "https://openlegislation.uk/bills-of-exchange-act-1882/section-27.json",
  "legislation": "ukpga/Vict/45-46/61",
  "legislation_title": "Bills of Exchange Act 1882",
  "legislation_url": "https://openlegislation.uk/bills-of-exchange-act-1882",
  "path": "section/27",
  "kind": "section",
  "number": "27",
  "heading": "Value and holder for value.",
  "text": "(1) Valuable consideration for a bill may be constituted by,—\n(a) Any consideration sufficient to support a simple contract;\n(b) An antecedent debt or liability. Such a debt or liability is deemed valuable consideration whether the bill is payable on demand or at a future time.\n(2) Where value has at any time been given for a bill the holder is deemed to be a holder for value as regards the acceptor and all parties to the bill who became parties prior to such time.\n(3) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/27",
    "retrieved_at": "2026-10-29T12:40:57.253128+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}