Section 27: Accommodation bill or party
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
27. Accommodation bill or party
(1) An accommodation party to a bill is a person who has signed a bill as
drawer, acceptor, or indorser, without receiving value, and for the purpose of
lending his name to some other person.
(2) An accommodation party is liable on the bill to a holder for value, and
it is immaterial whether, when the holder took the bill, he knew such party
to be an accommodation party or not.
B7 – 9 [Issue 1]
Bills of Exchange Act