Instrument governed by Indian law preserves domestic acceptances and endorsements despite foreign invalidity of the underlying agreement. Where a negotiable instrument executed abroad is governed by Indian law, invalidity of the underlying agreement under foreign law does not invalidate ... Summary
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Instrument governed by Indian law preserves domestic acceptances and endorsements despite foreign invalidity of the underlying agreement.
Where a negotiable instrument executed abroad is governed by Indian law, invalidity of the underlying agreement under foreign law does not invalidate subsequent acceptance or endorsement made within India; acceptances and endorsements in India remain operative despite the foreign law's view of the agreement.
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