{
  "url": "https://openlegislation.uk/bills-of-exchange-act-1882/section-54",
  "json_url": "https://openlegislation.uk/bills-of-exchange-act-1882/section-54.json",
  "legislation": "ukpga/Vict/45-46/61",
  "legislation_title": "Bills of Exchange Act 1882",
  "legislation_url": "https://openlegislation.uk/bills-of-exchange-act-1882",
  "path": "section/54",
  "kind": "section",
  "number": "54",
  "heading": "Liability of acceptor.",
  "text": "The acceptor of a bill, by accepting it—\n(1) Engages that he will pay it according to the tenor of his acceptance:\n(2) Is precluded from denying to a holder in due course:\n(a) The existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the bill;\n(b) In the case of a bill payable to drawer’s order, the then capacity of the drawer to indorse, but not the genuineness or validity of his indorsement;\n(c) In the case of a bill payable to the order of a third person, the existence of the payee and his then capacity to indorse, but not the genuineness or validity of his indorsement.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/54",
    "retrieved_at": "2026-10-29T12:40:57.253128+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}