NIA Section 107

Negotiable Instruments Act

US
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NIAChapter X

S. 107

Reasonable time for transmitting such notice

Description

A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time — if he transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.

By Raman Devgan
Updated: 31 Oct 2022
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