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TypeBare Act JurisdictionCentral Government

Negotiable Instruments Act, 1881 Section 38

Prior party a principal in respect of each subsequent party.—As between the parties so liable as sureties, each prior

~1 min read
https://sooperkanoon.com/act/461643

Bare act section · Research

About this section

Negotiable Instruments Act, 1881 Section 38 is part of Negotiable Instruments Act, 1881 - Prior party a principal in respect of each subsequent party.—As between the parties so liable as sureties, each prior. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Illustration A draws a bill payable to his own order on B, who accepts. A afterwards indorses the bill to C, C to D, and D to E. As between E and B, B is the principal debtor, and A, C and D are his sureties. As between E and A, A is the principal debtor, and C and D are his sureties. As between E and C, C is the principal debtor and D is his surety.

Frequently asked questions

What does Negotiable Instruments Act, 1881 Section 38 provide?

Section Section 38 of the Negotiable Instruments Act, 1881 (Prior party a principal in respect of each subsequent party.—As between the parties so liable as sureties, each prior) 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 38?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Negotiable Instruments Act, 1881 Section 38. 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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