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Section 120 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

120. Estoppels against denying original validity of instrument

 

No maker of a promissory note, and no drawer of a bill of exchange or cheque, and no acceptor of a bill of exchange for the honor of the drawer shall, on proof of the protest, presume the fact of dishonor, unless and until validity of the instrument as originally made or drawn.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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