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Negotiable Instruments Act,1881

Act No : 26

Section : Acceptor bound,although, indorsement forged.

41.Acceptor bound,although, indorsement forged. An acceptor of a bill of exchange already indorsed is not relieved from liability by reason that such indorsement is forged, if lie knew or had reason to believe the indorsement to be forged when he accepted the bill.

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