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Section 42 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

42. Acceptance of bill drawn in fictitious name.-

 

An acceptor of a bill of exchange drawn in a fictitious name and payable to the drawer’s order is not, by reason that such name is fictitious, relieved from liability to any holder in due course claiming under an endorsement by the same hand as the drawer’s signature, and purporting to be made by the drawer.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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