https://www.taxtmi.com/acts?id=7618 Each party who is otherwise liable as a surety in a chain of indorsements is, absent a contrary contract, also liable as a principal debtor in respect of each subsequent party; consequently, principal-debtor status shifts along the chain depending on which parties are compared. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7618 Each party who is otherwise liable as a surety in a chain of indorsements is, absent a contrary contract, also liable as a principal debtor in respect of each subsequent party; consequently, principal-debtor status shifts along the chain depending on which parties are compared. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7618