NIA Section 30

Negotiable Instruments Act

US
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NIAChapter III

S. 30

Liability of drawer

Description

The drawer of a bill of exchange or cheque is bound, in case of dishonour by the drawee or acceptor thereof, to compensate tile holder, provided due notice of dishonour has been given to, or received by, the drawer as hereinafter provided.

By Raman Devgan
Updated: 16 Aug 2018
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