Section 39: Suretyship

The Negotiable Instruments Act, 1881

Chapter- III Parties Notes, Billsand Cheques

Section 39: Suretyship.

39. When the holder of an accepted bill of exchange enters into any contract with the\ acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in  such case they are not discharged.


 

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