Lawgist20Inchoate stamped instruments
Where one person signs and delivers to another a paper stamped in accordance with the law relating to negotiable instruments then in force in 1[India], and either wholly blank or having written thereon an incomplete negotiable instrument, he thereby gives prima facie authority to the holder thereof to make or complete, as the case may be, upon it a negotiable instrument, for any amount specified therein and not exceeding the amount covered by the stamp. The person so signing shall be liable upon such instrument, in the capacity in which he signed the same, to any holder in due course for such amount: provided that no person other than a holder in due course shall recover from the person delivering the instrument anything in excess of the amount intended by him to be paid thereunder.
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1. Subs. by Act 3 of 1951, s. 3 and the Sch., for "the States".
- 4 ''Promissory note''
- 5 ''Bill of exchange''
- 6 ''Cheque''
- 7 ''Drawer.'
- 8 ''Holder''
- 9 ''Holder in due course''
- 10 ''Payment in due course''
- 11 Inland instrument
- 12 Foreign instrument
- 13 ''Negotiable instrument''
- 14 Negotiation
- 15 Indorsement
- 16 Indorsement ''in blank'' and ''in full''
- 17 Ambiguous instruments
- 18 Where amount is stated differently in figures and words
- 19 Instruments payable on demand
- 20 Inchoate stamped instruments
- 21 ''At sight''
- 22 ''Maturity''
- 23 Calculating maturity of bill or note payable so many months after date or sight
- 24 Calculating maturity of bill or note payable so many days after date or sight
- 25 When day of maturity is a holiday
