For the estoppel under Section 122 of the Negotiable Instruments Act, 1881 to apply against an…
Section 122 operates "in a suit thereon by a subsequent holder", that is, a holder who took the instrument after that indorser. Unlike ss.120 and 121, it does not require…
Choose your answer
For the estoppel under Section 122 of the Negotiable Instruments Act, 1881 to apply against an indorser, the suit on the instrument must be brought by:
Answer and explanation
Correct answer B
Section 122 operates "in a suit thereon by a subsequent holder", that is, a holder who took the instrument after that indorser. Unlike ss.120 and 121, it does not require the plaintiff to be a holder in due course.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision