Section 56
Indorsement for part of sum due.
The Negotiable Instruments Act, 1881
About this Act
An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.
No writing on a negotiable instrument is valid for the
purpose of
negotiation if such writing purports to transfer only a part of the amount appearing to be due on the
instrument; but where such amount has been partly paid, a note to that effect may be indorsed on the
instrument, which may then be negotiated for the balance.