NIA Section 41

Negotiable Instruments Act

US
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NIAChapter III

S. 41

Acceptor bound, although, indorsement forged

Description

An acceptor of a bill of exchange already indorsed is not relieved from liability by reason that such indorsement is forged, if he knew or had reason to believe the indorsement to be forged when he accepted the bill.

By Raman Devgan
Updated: 31 Oct 2022
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