Extinguishment of rights on a negotiated bill: remedies end when the acceptor holds the bill in own right after maturity. When the acceptor of a negotiated bill holds the instrument in his own right at or after maturity, all rights of action on the bill are extinguished, ... Summary
Extinguishment of rights on a negotiated bill: remedies end when the acceptor holds the bill in own right after maturity.
When the acceptor of a negotiated bill holds the instrument in his own right at or after maturity, all rights of action on the bill are extinguished, terminating the holder's ability to pursue remedies against prior parties.
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