Section 86: Accepted accounts
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
86. Accepted accounts
(1) In this section, “accepted accounts” means the instrument, whereby
goods specified in it, purport to have been sold by a trader for a price which
the buyer undertakes to pay at a fixed future date or time.
[Issue 1] B7 – 30
Revised Laws of Mauritius
(2) An accepted account shall not—
(a) constitute a valid pledge, guarantee or security; or
(b) give any right or title to the holder,
unless it contains a declaration signed by the buyer and the seller of the
goods to the effect that the transaction is genuine and bona fide, and that
the goods have actually been sold and delivered.