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handle is hein.llcr/locaftg0001 and id is 1 raw text is: INDONESIA

Applicable Legislation
Much of the 1848 Civil and Commercial Codes of Indonesia
is still in effect at the present time. However, pursuant to the
opinion published in 1962 by Dr. Suhardjo, Minister of Justice, and
later confirmed in an official circular issued by the Supreme Court,
these Codes should not be considered strict codifications of the law,
but simply as guides or commentaries to assist the cour:s in arriving
at judgments.
Negotiable Instruments
The regulations on bills of exchange, promisso°r n
and checks are contained in Book I. of the.Commercial Code.
With regard to bills of exchpn-   *h    ri^      °wivwants
are that they should be unconditional orders in writing, xddr:e3sed
by one person to another, to pay a specific amount of money, The
words Bills of Exchange (Surat Wesel) must appear on them. They
must also include the name of the drawee, the name of the payee,
the place and date of issue, the place and date of payment, and
the drawer's signature. They must stipulate that they are to be
presented.for acceptance. The drawer may state that presentation
for acceptance is unnecessary, except in the case of bills which
are payable at a certain time after sight. Bills may also stipulat^
that the presentation for acceptance is not to take place before a
certain date.