Section 59(2)(b) in Bills of Exchange Act 1882

[Cites 0, Cited by 1] [Section 59(2)] [Section 59] [Entire Act]

British India - Subsection

Section 59(2)(b) in Bills of Exchange Act 1882

(b)Where a bill is paid by an indorser, or where a bill payable to drawer’s order is paid by the drawer, the party paying it is remitted to his former rights as regards the acceptor or antecedent parties, and he may, if he thinks fit, strike out his own subsequent indorsements, and again negotiate the bill.

Legal Document View

Unlock Advanced Research with PRISMAI

British India - Subsection

Section 59(2)(b) in Bills of Exchange Act 1882