Section 42 of Negotiable Instruments Act - Acceptance of bill drawn in fictitious name

Section 42 Negotiable Instruments Act Description

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 indorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.

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