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Section 39 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

39. Surety ship.-

 

When the holder of an accepted bill of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act,1872 ( 9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they are not discharged.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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