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The Negotiable Instruments Act

# 90    Extinguishment of rights of action on bill in acceptor's hands

If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.

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OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
  • 86
     Parties not consenting discharged by qualified or limited acceptance
  • 87
     Effect of material alteration
  • 88
     Acceptor or indorser bound notwithstanding previous alteration
  • 89
     Payment of instrument on which alteration is not apparent
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