The instances specified in the foregoing section may be considered as cases where an acceptance was waived as to the drawer by act of the drawer. There are other instances where the drawer waives an acceptance. If he give notice to the drawee not to pay the draft, his direction is a waiver of presentment for acceptance as to himself,1 but not, it would seem, as to an indorser ignorant of the direction. A direction written upon the bill waiving an acceptance is a waiver as to all parties to the bill,2 because all parties dealing with the paper have full notice thereof. But the drawer may waive a presentation for acceptance by parol, and such a waiver would be good against himself,3 but ought not to be good against an indorser ignorant of the fact. On any theory of an indorser's liability upon a bill requiring presentation for acceptance upon its face, he ought to be held liable only for those matters in connection with the bill of which he has notice. His contract does not contemplate any dealing between the holder of the bill and the drawer to his prejudice. If, how ever, the acceptor waives presentment for acceptance and acceptance, the bill is accepted as to all parties to it.4

15 Wheeler v. Webster, 1 E. D. Smith, 1. He is therefore not a stranger.

1Neederer v. Barber, Fed. Cas. No. 10,079.

2 Webb v. Mears, 45 Pa. 223.

3 The same rule would apply to any indorser.

4 This waiver may be implied, it will be seen later, from a promise to accept made beforehand. But whether this kind of a waiver would be good as against the drawer and indorser does not seem to be open to question. There ought to be no doubt that the drawee's waiver of acceptance, since it becomes an acceptance, is just the same as if the drawer had written his acceptance on the bill. The bill has not been dishonored, and therefore the drawer and indorsera.