# Bills of Exchange Act 1882, Section 5: Effect where different parties to bill are the same person.


(1) A bill may be drawn payable to, or to the order of, the drawer; or it may be drawn payable to, or to the order of, the drawee.
(2) Where in a bill drawer and drawee are the same person, or where the drawee is a fictitious person or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or as a promissory note.

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Source: https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/5 (the official version)
Page: https://openlegislation.uk/bills-of-exchange-act-1882/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.