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BILLS OF EXCHANGE ACT 1882 - SECT 28

Accommodation bill or party.

28.(1) An accommodation party to a bill is a person who has signed a bill as a
drawer, acceptor, or indorser, without receiving value therefor, and for the
purpose of lending his name to some other person.

(2) An accommodation party is liable on the bill to a holder for value; and it
is immaterial whether, when such holder took the bill, he knew such party to
be an accommodation party or not.

© 1882 Crown Copyright

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