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BILLS OF EXCHANGE ACT 1882 - SECT 26

Person signing as agent or in representative capacity.

26.(1) Where a person signs a bill as drawer, indorser, or acceptor, and adds
words to his signature, indicating that he signs for or on behalf of a
principal, or in a representative character, he is not personally liable
thereon; but the mere addition to his signature of words describing him as an
agent, or as filling a representative character, does not exempt him from
personal liability.

(2) In determining whether a signature on a bill is that of the principal or
that of the agent by whose hand it is written, the construction most
favourable to the validity of the instrument shall be adopted.

Value and holder for value.



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© 1882 Crown Copyright

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