The Negotiable Instruments Act, 1881
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.
Source & version
Official text: India Code (official) ↗
Official India Code text: The Negotiable Instruments Act, 1881 (26 of 1881), English PDF (bitstream 123456789/15327/1/negotiable_instruments_act,_1881.pdf, 681,124 bytes, sha256 50fe22a1…) fetched directly from indiacode.nic.in (Akamai edge, DNS via dns.google) on 2026-07-29. Extracted via pdftotext 26.07 -bbox and @nexlex/ingest gazette parser. Automated parse; footnotes/amendment history excluded; spot-verified (s. 138 cheque dishonour); full clause-level proofread pending.
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