Liability of drawer: drawer bound to compensate holder after dishonour if due notice of dishonour is given. Liability of the drawer of a bill of exchange or cheque arises when the instrument is dishonoured by the drawee or acceptor; the drawer is bound to compensate the holder provided due notice of the dishonour has been given to, or received by, the drawer as required.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liability of drawer: drawer bound to compensate holder after dishonour if due notice of dishonour is given.
Liability of the drawer of a bill of exchange or cheque arises when the instrument is dishonoured by the drawee or acceptor; the drawer is bound to compensate the holder provided due notice of the dishonour has been given to, or received by, the drawer as required.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.