Act Number: 26

Act Name: The Negotiable Instruments Act, 1881

Year: 1881

Enactment Date: 1881-12-09

Long Title: An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 42: Acceptance of bill drawn in fictitious name.
    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 indorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.
Scroll to Top