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Is 'Drawee in case of need' an Agent of Drawee? Does he need to specify that he is signing on behalf of Drawee?
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Best Answer
In case of drawee in case of need, the drawee must either be aware or the agent is accustomed to do these work upon the order of the drawe. Thus the agent has to specify that he is acting as the agent of the drawee thus it makes him the acceptor of the bill. He needs to sign and provide his designation. And return the bill back.