Section 33 Only drawee can be acceptor except in need or for honour. of NEGOTIABLE INSTRUMENTS ACT, 1881

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

33. 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.

Analysis by Experts

No explanations yet!!! Please, Login to provide explanation for this section.

Never File Wrong GSTR-1

Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.

Used by
Browse all sections of NEGOTIABLE INSTRUMENTS ACT, 1881
Ask Question