NIA Section 98

Negotiable Instruments Act

US
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NIAChapter VIII

S. 98

When notice of dishnour is unnecessary

Description

No notice of dishonour is necessary:

  1. when it is dispensed with by the party entitled thereto;
  2. in order to charge the drawer when he has countermanded payment;
  3. when the party charged could not suffer damage for want of notice;
  4. when the party entitled to notice cannot after due search be found; or the party bound to give notice is, for any other reason, unable without any fault of his own to give it;
  5. to charge the drawers, when the acceptor is also a drawer;
  6. in the case of a promissory note which is not negotiable;
  7. when the party entitled to notice, knowing the facts,promises unconditionally to pay the amount due on the instrument.

By Raman Devgan
Updated: 31 Oct 2022
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