THE NEGOTIABLE INSTRUMENTS ACT 1881 CHAPTER XV OF BILLS IN SETS India Bareacts - Indian... - 0 views
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THE NEGOTIABLE INSTRUMENTS ACT, 1881 Title : THE NEGOTIABLE INSTRUMENTS ACT, 1881
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THE NEGOTIABLE INSTRUMENTS ACT, 1881 Title : THE NEGOTIABLE INSTRUMENTS ACT, 1881 Year : 1881 Act : CHAPTER XV OF BILLS IN SETS 132.Set of bills. 132.Set of bills. Bills of exchange may be drawn in parts, each part being numbered and containing a provision that it shall continue payable only so long as the others remain unpaid. All the parts together make a set ; but the whole set constitutes only one bill, and is extinguished when one of the parts, if a separate bill, would be extinguished. Exception.-When a person accepts or indorses different parts of the bill in favour of different persons, he and the subsequent indorsers of each part are liable on suc