Section 31: Liability of drawee of cheque

The Negotiable Instruments Act, 1881

Chapter- III Parties Notes, Billsand Cheques

Section 31: Liability of drawee of cheque.

31. The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.


 

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