https://www.taxtmi.com/acts?id=7607 Section 27 provides that a person may bind or be bound by a duly authorized agent acting in his name, but a general authority to transact business and to receive and discharge debts does not confer upon an agent the power of accepting or indorsing bills of exchange so as to bind the principal, and an authority to draw bills of exchange does not of itself import an authority to indorse. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7607 Section 27 provides that a person may bind or be bound by a duly authorized agent acting in his name, but a general authority to transact business and to receive and discharge debts does not confer upon an agent the power of accepting or indorsing bills of exchange so as to bind the principal, and an authority to draw bills of exchange does not of itself import an authority to indorse. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7607