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.
Section 41: Acceptor bound, although, indorsement forged.
The Negotiable Instruments Act, 1881Central Act · Act 26 of 1881
Where this provision sits
| Act | The Negotiable Instruments Act, 1881 |
|---|---|
| Section | 41 |
| Marginal note | Acceptor bound, although, indorsement forged. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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