What is the meaning of Only drawee can be acceptor except in need or for honour? What is Acceptance by several drawees not partners? Only drawee can be acceptor except in need or for honour and Acceptance by several drawees not partners are defined under Section 33 and 34 of Negotiable Instruments Act 1881
No person except the drawee of a bill of exchange, or all or some of several drawees, or a person named therein as a drawee in case of need, or an acceptor for honour, can bind himself by an acceptance
Where there are several drawees of a bill of exchange who are not partners, each of them can accept it for himself, but none of them can accept it for another without his authority.
Negotiable Instruments Act 1881
Section 21 - At sight, On presentment, After sight
Section 23 - Calculating maturity of bill or note payable so many months after date or sight
Section 24 - Calculating maturity of bill or note payable so many days after date or sight
Section 25 - When day of maturity is a holiday
CHAPTER III PARTIES TO NOTES, BILLS AND CHEQUES
Section 26 - Capacity to make, etc., the promissory notes, etc
Section 28 - Liability of agent signing
Section 29 - Liability of legal representative signing
Section 30 - Liability of drawer
Section 31 - Liability of drawee of cheque
Section 32 - Liability of maker of note and acceptor of bill
Section 33 - Only drawee can be acceptor except in need or for honour
Section 34 - Acceptance by several drawees not partners
Section 35 - Liability of indorser
Section 36 - Liability of prior parties to holder in due course
Section 37 - Maker, drawer and acceptor principals
Section 38 - Prior party a principal in respect of each subsequent party
Section 40 - Discharge of indorser's liability : Negotiable Instruments Act 1881