Negotiable Instruments Act, 1881

Chapter 13 Special Rules of Evidence

Section 121: Estoppel against denying capacity of payee to indorse

No maker of a promissory note and no acceptor of a bill of exchange payable to order shall, in a suit thereon by a holder in due course, be permitted to deny the payee’s capacity, at the date of the note or bill, to indorse the same.

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