2+ Lawyers are online
Section 121 of Negotiable Instruments Act - Estoppel against denying capacity of payee to indorse
Section 121 Negotiable Instruments Act Description
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.
Click here to read more from the Negotiable Instruments Act
