Commonwealth Consolidated Acts

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CHEQUES ACT 1986 - SECT 35

Valuable consideration defined

  (1)   Valuable consideration for a cheque may be constituted by:

  (a)   any consideration sufficient to support a simple contract; or

  (b)   an antecedent debt or liability.

  (2)   An antecedent debt or liability may constitute valuable consideration for a cheque whether or not the cheque is post - dated.

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