Accommodation Bills    {sec. 43}


An accommodation bill means a bill which is   drawn, accepted without consideration.

Provision relating to such bills: –

( a) The accommodated party cannot, after he has paid the amount of the bill, recover the amount from any person who become a party to the bill for his accommodation.

( b) The person who become the holder of such a bill in good faith and for consideration, after maturity, may recover the amount from any prior party.

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