section 112
When acceptor for honour may be charged.
The Negotiable Instruments Act, 1881Civil1881155 sections17 chapters
Chapter XI OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED
Statutory text
An acceptor for honour cannot be charged unless the bill has at its maturity been presented to the drawee for payment, and has been dishonoured by him, and noted or protested for such dishonour.
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