Section 26Part 2 — Bills of Exchange
Person signing as agent or in representative capacity
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Where a person signs a bill as drawer, indorser or acceptor, and adds words to that person’s signature indicating that that person signs for or on behalf of a principal, or in a representative character, that person is not personally liable thereon; but the mere addition to that person’s signature of words describing that person as an agent, or as filling a representative character, does not exempt that person from personal liability.
In determining whether a signature on a bill is that of the principal or that of the agent by whose hand it is written, the construction most favourable to the validity of the instrument shall be adopted.