NIA 29 — Liability of legal representative signing

Negotiable Instruments Act, 1881

Statutory text

A  legal  representative  of  a  deceased  person  who
signs  his  name  to  a  promissory  note,  bill  of  exchange  or  cheque  is  liable  personally  thereon  unless  he expressly limits his liability to the extent of the assets received by him as such.

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