NIA Section 132

Negotiable Instruments Act

US
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NIAChapter XV

S. 132

Set of bills

Description

Bills of exchange may be drawn in parts, each part being numbered and containing a provision that it shall continue payable only so long as the others remain unpaid. All the parts together make a set; but the whole set constitutes only one bill, and is extinguished when one of the parts, if a separate bill, would be extinguished.

...More in Chapter XV
By Raman Devgan
Updated: 16 Aug 2018
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