Negotiable Instruments Act — Section 121
Estoppel against denying capacity of payee to indorse.—No maker of a promissory note and
121. Estoppel against denying capacity of payee to indorse.—No maker of a promissory note and no acceptor of a bill of exchange 2[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.
Follow cited cases · Browse courts and years · Research topics
Judgments citing Section 121
Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.