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Section 127. Bill not an assignment of funds in hands of drawee.- - Negotiable Instruments Law

Section 127. Bill not an assignment of funds in hands of drawee.- of Negotiable Instruments Law. Section 127. Bill not an assignment of funds in hands of drawee.- A bill of itself does not operate as an assignment of the funds in the hands of

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 127. Bill not an assignment of funds in hands of drawee.- A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same.

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