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Negotiable Instruments Act, 1881

Section 33: Only drawee can be acceptor except in need or for honour

Chapter III — Parties to Notes, Bills and Cheques

33. No person except the drawee of a bill 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.

Source: official text of the Negotiable Instruments Act, 1881.