The law of the country in whose territory the cheque is payable determines:

1.

whether the cheque is necessarily payable on sight or whether it may be drawn for a specified time after sight and what the effects are if a date later than the real issue date is indicated on the cheque;

2.

the time limit for presentation;

3.

whether a cheque may be accepted, certificated, confirmed or given a mark of approval and what the effects of such comments are;

4.

whether the bearer may request part payment and whether he must accept part payment;

5.

whether a cheque may be crossed or have the comment “account payee only” or an equivalent comment appended to it and what the effects of such crossing or comment are;

6.

whether the bearer has specific rights to the cover and what the nature of such rights is;

7.

whether the drawer may revoke the cheque or protest against payment of the cheque;

8.

the measures to be taken in the event of the loss or theft of the cheque;

9.

whether a protest or equivalent declaration is required to preserve the right of recourse against the endorser, the drawer and the other parties liable for the cheque.