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Section 41 of the Negotiable Instruments Act, 1881 applies specifically to:

Section 41 NI Act speaks of an acceptor of a bill of exchange already indorsed, so it applies specifically to bills of exchange, not cheques, promissory notes or currency…

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Section 41 of the Negotiable Instruments Act, 1881 applies specifically to:

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Section 41 NI Act speaks of an acceptor of a bill of exchange already indorsed, so it applies specifically to bills of exchange, not cheques, promissory notes or currency notes.

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