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Cheques Act 1986
35Valuable consideration defined
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#### 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.