Section 33: Only drawee can be acceptor except in need or for honour

The Negotiable Instruments Act, 1881

Chapter- III Parties Notes, Billsand Cheques

Section 33: Only drawee can be acceptor except in need or for honour.

33. No person except the drawee of a bill 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.


 

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