Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Section 85 of the Negotiable Instruments Act: Discharge of Liability for Cheques Explained in Simple Terms</h1> Section 85 of the Negotiable Instruments Act, 1881, addresses the discharge of liability for cheques. Subsection (1) states that if a cheque payable to order is endorsed by or on behalf of the payee, the drawee is discharged by making a payment in due course. Subsection (2) provides that if a cheque is originally payable to bearer, the drawee is discharged by making a payment in due course to the bearer, regardless of any endorsements, even if such endorsements attempt to restrict further negotiation.