Section 41Central Act
Section 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 he knew or had reason to believe the indorsement to be forged when he accepted the bill.
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Sec 40 — Discharge of indorser's liability.
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Sec 42 — Acceptance of bill drawn in fictitious name.
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