NIA Section 114

Negotiable Instruments Act

US
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NIAChapter XI

S. 114

Right of payer for honour

Description

Any person so paying is entitled to all the rights, in respect of the bill, of the holder at the time of such payment, and may recover from the party for whose honour he pays all sums so paid, with interest thereon and with all expenses properly incurred in making such payment.

By Raman Devgan
Updated: 31 Oct 2022
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