Indian Evidence Act, 1872
117. Estoppel of acceptor of bill of exchange, bailee or
licensee
No acceptor of a bill
of exchange shall be permitted to deny that the drawer had authority to draw
such bill or to endorse it; nor shall any bailee or licensee be permitted to
deny that his bailor or licensor had, at the time when the bailment or license
commenced, authority to make such bailment or grant such license.
Explanation 1 .- The acceptor of a
bill of exchange may deny that the bill was really drawn by the person by whom
it purports to have been drawn.
Explanation 2 .- If a bailee
delivers the goods bailed to a person other than the bailor, he may prove that
such person had a right to them as against the bailor.