section 121
Estoppel against denying capacity of payee to indorse.
The Negotiable Instruments Act, 1881Civil1881155 sections17 chapters
Chapter XIII SPECIAL RULES OF EVIDENCE
Statutory text
No maker of a promissory note and no acceptor of a bill of exchange 1[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.
Study data processing for this section.
PDF: pending for this language.