https://www.taxtmi.com/caselaws?id=290931 Joint family firm liability under a promissory note may arise where its manager, authorised to use the firm name, signs a negotiable instrument that is valid on its face and transferred in due course. Liability may therefore attach despite an underlying private transaction being outside the firm's business and allegedly fraudulent against the firm. The manager's status may follow from being the sole adult proprietor actively managing the business. Questions concerning lack of consideration, false representations, an agent's knowledge, and separate suits on dishonoured notes concern the enforceability and procedural handling of the claim. A technical objection to suing a firm does not defeat a straightforward claim against the maker of a promissory note. en-us Mon, 13 Apr 1908 00:00:00 +0530 Thu, 22 Oct 2020 11:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290931 Joint family firm liability under a promissory note may arise where its manager, authorised to use the firm name, signs a negotiable instrument that is valid on its face and transferred in due course. Liability may therefore attach despite an underlying private transaction being outside the firm's business and allegedly fraudulent against the firm. The manager's status may follow from being the sole adult proprietor actively managing the business. Questions concerning lack of consideration, false representations, an agent's knowledge, and separate suits on dishonoured notes concern the enforceability and procedural handling of the claim. A technical objection to suing a firm does not defeat a straightforward claim against the maker of a promissory note. Case-Laws Indian Laws Mon, 13 Apr 1908 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290931