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Negotiable instruments-Drawee in case of need

Is 'Drawee in case of need' an Agent of Drawee? Does he need to specify that he is signing on behalf of Drawee?


Nithish Kumar

Nithish Kumar

CA Inter

5K+

27-Jun-20

64

Answers (2)

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.


aman kawad

aman kawad

CA Inter

7K+

27-Jun-20

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