https://www.taxtmi.com/acts?id=7717 Bills of exchange may be drawn in numbered parts forming a set; the whole set constitutes a single bill and each part is payable only while the others remain unpaid. The set is extinguished when one part would be extinguished if treated as a separate bill. However, if different parts are accepted or indorsed in favour of different persons, the acceptor and subsequent indorsers of each part are liable on that part as if it were a separate bill. 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=7717 Bills of exchange may be drawn in numbered parts forming a set; the whole set constitutes a single bill and each part is payable only while the others remain unpaid. The set is extinguished when one part would be extinguished if treated as a separate bill. However, if different parts are accepted or indorsed in favour of different persons, the acceptor and subsequent indorsers of each part are liable on that part as if it were a separate bill. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7717