Section 115: Drawee in case of need

The Negotiable Instruments Act, 1881

Chapter- XI Of Acceptance and Payment for Honour and Reference in case of need

Section 115: Drawee in case of need.

115. Where a drawee in case of need is named in a bill of exchange, or in any indorsement thereon, the bill is not dishonoured until it has been dishonoured by such drawee.


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