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Home > Indian Bare Acts > THE NEGOTIABLE INSTRUMENTS ACT, 1881 > CHAPTER XII OF COMPENSATION INDIAN BARE ACTS Search Alphabatically : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Search Chronologically : -- Select Year-- 200920082007200620052004200320022001200019991998199719961995199419931992199119891988198719861985198419831982198119801979197819771976197519741973197219711970196919681967196619651964196319621961196019591958195719561955195419531952195119501949194819471946194419431942194119401939193819371936193419331932193119301929192819271926192519241923192219211920191919181917191619151914191319121911191019091908190619051904190319021901190018991897189418911890188618841882188118791876187218711870186618651860185918541850 THE NEGOTIABLE INSTRUMENTS ACT, 1881 Title : THE NEGOTIABLE INSTRUMENTS ACT, 1881 Year : 1881 Act : CHAPTER XIIOF COMPENSATION117.Rules as to compensation.117.Rules as to compensation. The compensation payable in case of dishonour of a promissory note, bill of exchange or cheque, by any party liable to the holder or any indorsee, shall 1* * * be determined by the following rules:-

THE NEGOTIABLE INSTRUMENTS ACT, 1881 Title : THE NEGOTIABLE INSTRUMENTS ACT, 1881

HAPTER VIIIOF NOTICE OF DISHONOUR91.Dishonour by non-acceptance.91.Dishonour by non-acceptance. A bill of exchange is said to be dishonoured by non-acceptance when the drawee, or one of several drawees not being partners, makes default in acceptance upon being duly required to accept the bill, or where presentment is excused and the bill is not accepted.Where the drawee is incompetent to contract, or the acceptance is qualified, the bill may be treated -as dishnoured.92.Dishonour by non-payment.92.Dishonour by non-payment. A promissory note, bill of exchange or cheque is said to be dishonoured by non-payment when the maker of the note, acceptor33.of the bill or drawee of the cheque makes default in payment upon being duly required to pay the same.

THE NEGOTIABLE INSTRUMENTS ACT, 1881 Title : THE NEGOTIABLE INSTRUMENTS ACT, 1881