Bare ActsThe Negotiable Instruments Act, 1881

Section 39

Suretyship.

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

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.

Amended up to 2019-11-02View on India Code →
Section 39 – The Negotiable Instruments Act, 1881 | DailyLaw.ai