1.In Halsbury's Law of England,4th Edn., Vol. 4 at page 153 in paragraph 352 it is stated that the acceptance of a bill is the signification by the  drawee of his assent to the order of the drawer. Therefter the drawee is called the acceptor. But the drawee, in the absence of any special agreement, is under no obligation to accept a bill. The party primarilly liable on a bill of exchange is the acceptor. The acceptor is the person to whom the order to pay is addressed. He is on the face of the bill as drawn, the drawee; but as such he is not, apart from special contract, by English law under any obligation to accept the bill. The drawee who does not accept is not, therefore, liable on the bill. whenever a bill accepted the acceptor is and remains the party primarily liable on the bill whatever may happen to the other parties are discharged or not. Should an indemnify him. 2. The acceptor is only a surety for the party accommodated, so that he is entitled to be indemnified by him, and if a holder has recovered part of the amount due from the party accommodated, he can only recover the balance from the acceptor. American Express Bank Ltd. v. Calcutta steel Co., (1993) 2 SCC 199. A person who accepts a bill of exchange drawn upon him; he is called a drawee before acceptance; he is the first and principal party liable to pay the amount of the bill. [Whart]