(a) it is not dated; or
(b) does not specify the value given, or that any value had been given therefor; or
(c) does not specify the place where it is drawn or the place where it is payable; or
(d) bears a seal; or
(e) designates a particular kind of current money in which payment is to be made.
But nothing in this section shall alter or repeal any statute requiring in certain cases the nature of the consideration to be stated in the instrument.
EFFECT OF OMISSION OF DATE
Even where the instrument is not dated, still the instrument is not rendered non-negotiable There are however instances, wherein the date is needed for the instrument to become negotiable
When are these instances?
o When it is payable in a period after date or after sight
o When it is allowed to write the date… (Section 13)
EFFECT OF OMISSION OF VALUE
Usually, what is stated in the instrument is that it is being used for “value received” without specifying what that value is Nevertheless, the absence of value given, doesn’t render the instrument non-negotiable