An acceptor of a bill of exchange drawn in a fictitious name and payable to the drawer's order is not, by reason that such name is fictitious, relieved from liability to any holder in due course claiming under an indorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.
Chapter III — PARTIES TO NOTES, BILLS AND CHEQUES
Section 42
Acceptance of bill drawn in fictitious name.
Printed from Law on Tips • The Negotiable Instruments Act, 1881