The Negotiable Instruments Act

Capacity to make, etc., promissory notes, etc

Agency

Liability of agent signing

Liability of legal representative signing

Liability of drawer

Liability of drawee of cheque

Liability of maker of note and acceptor of bill

Only drawee can be acceptor except in need or for honour

Acceptance by several drawees not partners

Liability of indorser

Liability of prior parties to holder in due course

Maker, drawer and acceptor principals

Prior party a principal in respect of each subsequent party

Suretyship

Discharge of indorser's liability

Acceptor bound, although, indorsement forged

Acceptance of bill drawn in fictitious name

Negotiable instrument made, etc., without consideration

Partial absence or failure of money-consideration

Partial failure of consideration not consisting of money

Holder's right to duplicate of lost bill


PARTIES TO NOTES, BILLS AND CHEQUES 


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.

LAWGIST

# 39 Suretyship