29C: Stranger signing instrument presumed to be indorser — Negotiable Instruments Act, 1881

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A person placing his signature upon a negotiable instrument otherwise than as maker, drawer or acceptor is pre-sumed to be an indorser unless he clearly indicates by appropriate words his intention to be bound in some other capacity.]

Effective date: 1881-12-09

Related sections

29B: Forged or un authorized signature 30: Liability of drawer 29A: Signature essential to liability 31: Liability of drawee of cheque 29: Liability of legal representative signing 32: Liability of maker of note and acceptor of bill

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