Negotiable Instruments Act, 1881

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Section 36

Liability of prior parties to holder in due course

Chapter 3: Parties to notes, bills and cheques

Every prior party to a negotiable instrument is liable thereon to a holder in due course until the instrument is duly satisfied.

The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.

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