Bare ActsThe Negotiable Instruments Act, 1881

Section 33

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

Amendment status not verified — confirm the current text below against the official source.

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.

Amended up to 2019-11-02View on India Code →
Section 33 – The Negotiable Instruments Act, 1881 | DailyLaw.ai