The Negotiable Instruments Act, 1881
Section 29CStranger signing instrument presumed to be indorser
In force
Chapter III PARTIES TO NOTES, BILLS AND CHEQUES
s. 29C
29C. Stranger signing instrument presumed to be indorser A person placing his signature upon a negotiable instrument otherwise than as maker, drawer or acceptor is presumed to be an indorser unless he clearly indicates by appropriate words his intention to be bound in some other capacity.]