Bills of Exchange Act, 1964 (Act No. 34 of 1964)

Chapter I

Capacity and authority of parties

21. Signature as requirement for liability

Purchase cart Previous page Return to chapter overview Next page

 

No person is liable as drawer, acceptor or indorser of a bill if he has not signed it as such: Provided that—

(a)if a person signs a bill in a trade or assumed name, he is liable thereon as if he had signed it in his own name; and
(b)the signature of the name of a firm is equivalent to the signature, by the person so signing, of the names of all persons liable as partners of that firm.