Section 56
Stranger signing bill liable as indorser
ActIn forceProvision 56 of 106
Section 56
Where a person signs a bill otherwise than as drawer or acceptor, he thereby incurs the liabilities of an indorser to a holder in due course.
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Stranger signing bill liable as indorser
Where a person signs a bill otherwise than as drawer or acceptor, he thereby incurs the liabilities of an indorser to a holder in due course.