Section 347 of the Bharatiya Sakshya Adhiniyam, (BSA), 2023
Section 347 of the Bharatiya Sakshya Adhiniyam, 2023 pertains to the "Estoppel of acceptor of bill of exchange, bailee or licensee."
📜 Section 347: Estoppel of Acceptor of Bill of Exchange, Bailee, or Licensee
This section establishes that certain individuals are precluded from denying the authority of another party in specific transactions:
Acceptor of a Bill of Exchange: An acceptor cannot deny that the drawer had the authority to draw or endorse the bill.
Bailee: A bailee cannot deny that the bailor had the authority to make the bailment.
Licensee: A licensee cannot deny that the licensor had the authority to grant the license.
However, the section allows for exceptions:(reddit.com)
Acceptor's Denial: An acceptor may deny that the bill was drawn by the person it purports to be drawn by.
Bailee's Denial: If a bailee delivers goods to someone other than the bailor, they may prove that the person had a right to the goods against the bailor.
This provision ensures that parties involved in such transactions cannot easily dispute the authority of others, thereby promoting trust and reliability in commercial dealings.
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