NIA Section 38

Negotiable Instruments Act

US
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NIAChapter III

S. 38

Prior party a principal in respect of each subsequent party

Description

As between the parties so liable as sureties, each prior party is, in the absence of a contract to the contrary, also liable thereon as a principal debtor in respect of each subsequent party.

...More in Chapter III
By Raman Devgan
Updated: 16 Aug 2018
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