suppose you are a drawer of an accommodation bill can you fill a suit against your drawee in case of dishoner of the bill.
Answers
Answer:
the drawer is the party that issues a bill of exchange – the 'creditor'; the beneficiary or payee is the party to which the bill of exchange is payable; the drawee is the party to which the order to pay is sent - 'the debtor
Answer:
Short title.—This Act may be called the Negotiable Instruments Act, 1881. Local extent, saving of usages relating to Hundis, etc., Commencement.—It extends1 to 2[the whole of India 3[* * *]]; but nothing herein contained affects the 4Indian Paper Currency Act, 1871 (3 of 1871), section 21, or affects any local usage relating to any instrument in an oriental language: Provided that such usages may be excluded by any words in the body of the instrument, which indicate an intention that the legal relations of the parties thereto shall be governed by this Act; and it shall come into force on the first day of March, 1882.
THE NEGOTIABLE INSTRUMENTS ACT, 1881