54. Bills of exchange.

54.     Bills of exchange.

A bill drawn on a firm, and accepted by a partner in the firm's name and in his own, may bind the firm, but, if it does so, it does not bind him separately1. A bill given for partnership purposes by a partner in his own name, and not in the firm's name, does not bind the other partners2; but, if given in a name which the court finds to be intended for and substantially identical with, or habitually used as, that of the firm, although not strictly accurate, it binds