NIA 28 — Liability of agent signing

Negotiable Instruments Act, 1881

Statutory text

An agent who signs his name to a promissory note, bill of exchange
or  cheque  without  indicating  thereon  that  he  signs as  agent,  or  that  he  does  not  intend  thereby  to  incur
personal  responsibility,  is  liable  personally  on  the  instrument,  except  to  those  who  induced  him  to  sign upon the belief that the principal only would be held liable.

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