Section 25

Procuration signatures

ActIn forceProvision 25 of 104

A signature by procuration operates as notice that the agent has but a limited authority to sign, and the principal is only bound by such signature if the agent is so signing was acting within the actual limits of his authority.

Read in full context — Bills of Exchange Act →

Section 25

Procuration signatures

of Bills of Exchange Act

ActIn forceProvision 25 of 104

A signature by procuration operates as notice that the agent has but a limited authority to sign, and the principal is only bound by such signature if the agent is so signing was acting within the actual limits of his authority.

Read in full context — Bills of Exchange Act →