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SourceLaw Dictionary Browse Letter L

Liability Of Drawer

Legal definition for Indian law research

Definition

Liability of drawer, the drawer of a bill of exchange or cheque is bound, in case of dishonour by the drawee thereof, to compensate the holder, provided due notice of dishonour has been given to, or received by, the drawer as hereinafter provided. (Negotiable Instruments Act, 1881 (26 of 1881), s. 30)

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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