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TypeBare Act JurisdictionCentral Government

Negotiable Instruments Act, 1881 Section 44

Partial absence or failure of money-consideration.—When the consideration for which a person signed a promissory note,

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https://sooperkanoon.com/act/441083

Bare act section · Research

About this section

Negotiable Instruments Act, 1881 Section 44 is part of Negotiable Instruments Act, 1881 - Partial absence or failure of money-consideration.—When the consideration for which a person signed a promissory note,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Explanation.—The drawer of a bill of exchange stands in immediate relation with the acceptor. The maker of a promissory note, bill of exchange or cheque stands in immediate relation with the payee, and the indorser with his indorsee. Other signers may by agreement stand in immediate relation with a holder. Illustration A draws a bill on B for Rs. 500 payable to the order of A, B accepts the bill, but subsequently dishonours , it by non-payment. A sues B on the bill, B proves that it was accepted for value as to Rs. 400, and as an accommodation to the plaintiff as to the residue. A can only recover Rs. 400.

Frequently asked questions

What does Negotiable Instruments Act, 1881 Section 44 provide?

Section Section 44 of the Negotiable Instruments Act, 1881 (Partial absence or failure of money-consideration.—When the consideration for which a person signed a promissory note,) is reproduced on this page as part of the Negotiable Instruments Act, 1881. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Negotiable Instruments Act, 1881 Section 44?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Negotiable Instruments Act, 1881 Section 44. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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