NI Act, Section 42. Acceptance of bill drawn in fictitious name Section 42

Category of Bare Act Name of the Act Year of Promulgation
Criminal Laws Negotiable Instruments Act 1881
Act Number Enactment Date Chapter Number
26 09.12.1881 3
Chapter Title Ministry Department
Parties to Notes, Bills and Cheques Ministry of Finance Department of Financial Services

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 endorsement by the same hand as the drawer’s signature, and purporting to be made by the drawer.