Mon. Mar 8th, 2021

Section 107 of The Negotiable Instruments Act, 1881

1 min read

107.  Reasonable time for transmitting such notice.— A party receiving notice of dishonour, 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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