Intellectual Property Rights from Publicly Financed Research and
R 385
Bills of Exchange Act, 1964 (Act No. 34 of 1964)Chapter ILiabilities of parties54. Liability of stranger signing bill |
If a person signs a bill otherwise than as drawer, acceptor, signer of an aval or drawee certifying a cheque, he thereby incurs the liabilities of an indorser to a holder in due course.
[Section 54 substituted by section 16 of Act 56 of 2000.]
