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Section 135 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

135. Law of place of payment governs dishonours

 

Where a promissory note, bill of exchange or cheque is made -payable in a different place from that in which it is made or endorsed, the law of the place, where it is made payable determines what constitutes dishonour and what notice of dishonour is sufficient.

 

Illustration

 

A bill of exchange drawn and endorsed in 1[India], but accepted payable in France, is dishonoured. The endorsee cause it to be protested for such dishonour, and gives notice thereof in accordance with the law of France through not in accordance with the rules herein contained in respect of bills which are no! foreign. The notice is sufficient.

 

1. Subs. by Act 3 of 1951, sec. 3 and Sch., for “the State”.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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