NIA Section 67

Negotiable Instruments Act

US
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NIAChapter V

S. 67

Presentment for payment of promissory note payable by instalments

Description

A promissory note payable by instalments must be presented for payment on the third day after the date fixed for payment of each instalment; and non-payment on such presentment has the same effect as non-payment of a note at maturity.

By Raman Devgan
Updated: 16 Aug 2018
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