... or 135 of the Indian Contract Act, 1872,(9 of 1872) would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they are not ... Effect of indorsement. The indorsement of a negotiable instrument followed by delivery transfers to the indorsee the property therein with the right of further negotiation;but the indorsement may, ... negotiation by C. 51. THE NEGOTIABLE INSTRUMENTS ACT, 1881 ACT NO. 26 OF 1881 [9th December, 1881. ] An Act to define and amend the law relating to Promissory Notes,...