I. – The bill of exchange contains:
1° The name of the bill of exchange inserted in the actual text of the instrument and expressed in the language used for the drafting of that instrument;
2° The pure and simple mandate to pay a specified sum;
3° The name of the person who must pay, referred to as the drawee;
4° The indication of the due date ;
5° That of the place where payment is to be made;
6° The name of the person to whom or to whose order payment is to be made;
7° An indication of the date and place where the letter is created;
8° The signature of the person issuing the letter, referred to as the drawer. This signature is affixed either by hand or by any non-handwritten process.
II. – A document in which one of the statements indicated in I is missing is not valid as a bill of exchange, except in the cases determined in III to V of this article.
III. – A bill of exchange whose maturity is not indicated is considered to be payable at sight.
IV. – In the absence of any special indication, the place designated next to the name of the drawee is deemed to be the place of payment and, at the same time, the place of domicile of the drawee.
V. – A bill of exchange which does not indicate the place of its creation is deemed to be subscribed in the place designated next to the name of the drawer.