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Indian Law - Bare Acts India
Banking Law -
THE NEGOTIABLE INSTRUMENTS ACT, 1881


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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 endorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.

 

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