Act Number: 26

Act Name: The Negotiable Instruments Act, 1881

Year: 1881

Enactment Date: 1881-12-09

Long Title: An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 39: Suretyship.
    When the holder of an accepted bill of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they are not discharged.
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