Section 107 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

107. Reasonable time for transmitting such notice.-

 

A party receiving notice of dishonor, 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.

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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