Negotiable Instruments Act : Estoppel against denying signature or capacity of prior party. Indian Bare

Negotiable Instruments Act,1881

Act No : 26

Section : Estoppel against denying signature or capacity of prior party.

122.Estoppel against denying signature or capacity of prior party. No indorser of a negotiable instrument shall, in a suit thereon by a subsequent holder, be permitted to deny the signature or capacity to contract of any prior party to the instrument.