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BILLS OF EXCHANGE ACT 1882 - SECT 37

Negotiation of bill to party already liable thereon.

37. Where a bill is negotiated back to the drawer, or to a prior indorser or
to the acceptor, such party may, subject to the provisions of this Act,
re-issue and further negotiate the bill, but he is not entitled to enforce
payment of the bill against any intervening party to whom he was previously
liable.


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© 1882 Crown Copyright

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