NIA Section 33

Negotiable Instruments Act

US
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NIAChapter III

S. 33

Only drawee can be acceptor except in need or for honour

Description

No person except the drawee of a bill of exchange, or all or some of several drawees, or a person named therein as a drawee in case of need, or an acceptor for honour, can bind himself by an acceptance.

By Raman Devgan
Updated: 16 Aug 2018
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