Notice of dishonour: holder must notify parties sought to be made liable; maker, drawee or acceptor need not be notified. When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder or some party thereto who remains liable must give notice that the instrument has been dishonoured to all other parties whom the holder seeks to make severally liable, and to one of several parties whom he seeks to make jointly liable. Nothing in this provision renders it necessary to give notice to the maker of the dishonoured promissory note, or the drawee or acceptor of the dishonoured bill of exchange or cheque.
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Provisions expressly mentioned in the judgment/order text.
Notice of dishonour: holder must notify parties sought to be made liable; maker, drawee or acceptor need not be notified.
When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder or some party thereto who remains liable must give notice that the instrument has been dishonoured to all other parties whom the holder seeks to make severally liable, and to one of several parties whom he seeks to make jointly liable. Nothing in this provision renders it necessary to give notice to the maker of the dishonoured promissory note, or the drawee or acceptor of the dishonoured bill of exchange or cheque.
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