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Section 123. Cancellation; unintentional; burden of proof - Negotiable Instruments Law

Section 123. Cancellation; unintentional; burden of proof of Negotiable Instruments Law. Section 123. Cancellation; unintentional; burden of proof.- A cancellation made unintentionally, or under a mistake or without the authority of t

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 123. Cancellation; unintentional; burden of proof.- A cancellation made unintentionally, or under a mistake or without the authority of the holder, is inoperative; but where an instrument or any signature thereon appears to have been canceled the burden of proof lies on the party who alleges that the cancellation was made unintentionally, or under a mistake or without authority.

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