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 | 13 |
Chapter Title | Ministry | Department |
Special Rules of Evidence | Ministry of Finance | Department of Financial Services |
No maker of a promissory note and no acceptor of a bill of exchange or cheque, and no acceptor of a bill of exchange 1[payable to order] shall, in suit thereon by a holder in due course, be permitted to deny the payee’s capacity, at the rate or the note or bill, to endorse the same.
__________________________
1. Substituted by Act 8 of 1919, sec. 5 for “payable to, or to the order of, a specified person”.