Section 88 Liability of maker.
The maker of a promissory note by making it—
(1)
Engages that he will pay it according to its tenor;
(2)
Is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.
The maker of a promissory note by making it—
Engages that he will pay it according to its tenor;
Is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.