42. Acceptance of bill drawn in fictitious name. —An acceptor of a bill of exchange drawn in a fictitious name and payable to the drawer's order is not, by reaso n that such name is fictitious, rel ieved 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.
Section 42 NI Act — Acceptance of bill drawn in fictitious name
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