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Which BSA provision deals with estoppel of the acceptor of a bill of exchange, a bailee or a licensee?

"Section 123" restricts denial of the drawer's authority by an acceptor, and denial of the bailor's or licensor's authority at commencement by the bailee or licensee.…

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Which BSA provision deals with estoppel of the acceptor of a bill of exchange, a bailee or a licensee?

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Correct answer D

"Section 123" restricts denial of the drawer's authority by an acceptor, and denial of the bailor's or licensor's authority at commencement by the bailee or licensee. "Section 119" concerns presumptions, "Section 121" general estoppel, and "Section 122" tenant and possession-based licensee estoppel.

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