Act Number: 26

Act Name: The Negotiable Instruments Act, 1881

Year: 1881

Enactment Date: 1881-12-09

Long Title: An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 98: When notice of dishonour is unnecessary.
    No notice of dishonour is necessary--
     (a) when it is dispensed with by the party entitled thereto;
     (b) in order to charge the drawer, when he has countermanded payment;
     (c) when the party charged could not suffer damage for want of notice;
     (d) when the party entitled to notice cannot after due search be found; or the party bound to give notice is, for any other reason, unable without any fault of his own to give it;
     (e) to charge the drawers, when the acceptor is also a drawer;
     (f) in the case of a promissory note which is not negotiable;
     (g) when the party entitled to notice, knowing the facts, promises unconditionally to pay the amount due on the instrument.
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