# The Negotiable Instruments Act, 1881, Section 121: Estoppel against denying capacity of payee to indorse

- Act: The Negotiable Instruments Act, 1881 (Act 26 of 1881)
- In force from: 1882-03-01
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/ni-act/section/121/

## Text

No maker of a promissory note and no acceptor of a bill of exchange 1[payable to order] shall, in a suit thereon by a holder in due course, be permitted to deny the payee's capacity, at the date of the note or bill, to indorse the same.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.