https://www.taxtmi.com/acts?id=56436 Section 117 creates an estoppel preventing an acceptor of a bill of exchange from disputing the drawer's authority to draw or endorse the bill. A bailee or licensee cannot deny the bailor's or licensor's authority at the commencement of the bailment or licence. An acceptor may challenge the purported drawer's genuineness, while a bailee may prove another person's superior right to delivered goods. en-us Tue, 29 Sep 2026 18:30:38 +0530 Tue, 29 Sep 2026 18:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=56436 Section 117 creates an estoppel preventing an acceptor of a bill of exchange from disputing the drawer's authority to draw or endorse the bill. A bailee or licensee cannot deny the bailor's or licensor's authority at the commencement of the bailment or licence. An acceptor may challenge the purported drawer's genuineness, while a bailee may prove another person's superior right to delivered goods. Act-Rules Indian Laws Tue, 29 Sep 2026 18:30:38 +0530 https://www.taxtmi.com/acts?id=56436