Section 17: Ambiguous instruments

The Negotiable Instruments Act, 1881

Chapter- II Of Notes, Billsand Cheques

Section 17: Ambiguous instruments.

17. Where an instrument may be construed either as a promissory note or bill of exchange, the holder may at his election treat it as either, and the instrument shall be thenceforward treated accordingly.


 

Disclaimer: Please refer Bare Act for original contents. Click here to access All Acts