NI Act, Section 121. Estoppel against denying capacity of payee to endorse

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.

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1. Substituted by Act 8 of 1919, sec. 5 for “payable to, or to the order of, a specified person”.