33: Only drawee can be acceptor except in need or for honour — Negotiable Instruments Act, 1881

Discuss this provision with AI

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.

Effective date: 1881-12-09

Related sections

32: Liability of maker of note and acceptor of bill 34: Acceptance by several drawees not partners 31: Liability of drawee of cheque 35: Liability of indorser 30: Liability of drawer 36: Liability of prior parties to holder in due course

Version 1 · Source-traceable official reference. LawHub does not modify the official record.