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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