Section 120: Estoppel against denying original validity of instrument

The Negotiable Instruments Act, 1881

Chapter- XIII Special Rules of Evidence

Section 120: Estoppel against denying original validity of instrument.

120. No maker of a promissory note, and no drawer of a bill of exchange or cheque, and no acceptor of a bill of exchange for the honour of the drawer shall, in a suit thereon by a holder in due course, be permitted to deny the validity of the instrument as originally made or drawn.


 

Disclaimer: Please refer Bare Act for original contents. Click here to access All Acts