TypeBare Act JurisdictionCentral Government Enacted1881

Negotiable Instruments Act, 1881 Section 33

Only drawee can be acceptor except in need or for honour.—No person except the drawee of a bill exchange, or all or

Section Text

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