Acceptance by several drawees not partners
Full Text
Acceptance by several drawees not partners.—Where there are several drawees of a bill of exchange who are not partners, each of them can accept it for himself, but none of them can accept it for another without his authority.
Plain English Summary
Provides that if a bill of exchange has multiple drawees who are not partners, each can only accept the bill for themselves, not for each other without authority.
Key Legal Elements
- Applies to a bill of exchange with multiple drawees who are not partners
- Each drawee can accept the bill only for themselves
- No drawee can accept on behalf of another without express authority
Practical Note
Clarifies joint drawee liabilities. If there are joint drawees who are not partners, acceptance by one does not bind the others. To bind all, all must accept. If one accepts and others refuse, the bill is dishonoured as against those who refused.
हिंदी पाठ
भागीदार न होने वाले कई आहारीयों द्वारा स्वीकृति।—जहां विनिमय-पत्र के कई ऐसे आहारी (drawees) हैं जो आपस में भागीदार (partners) नहीं हैं, वहां उनमें से प्रत्येक केवल अपने लिए ही उसे स्वीकार कर सकता है, लेकिन उनमें से कोई भी किसी अन्य की ओर से उसके प्राधिकार के बिना उसे स्वीकार नहीं कर सकता है।