Section 107 of the Negotiable Instruments Act applies to:
Section 107 applies to "a party receiving notice of dishonour, who seeks to enforce his right against a prior party". The holder's own first notice is timed by s.106, and…
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Section 107 of the Negotiable Instruments Act applies to:
Answer and explanation
Correct answer B
Section 107 applies to "a party receiving notice of dishonour, who seeks to enforce his right against a prior party". The holder's own first notice is timed by s.106, and the drawee and the notary do not transmit notice under this rule.
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