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Section 114 of the Negotiable Instruments Act deals with:

Section 114 gives a person who pays for honour "all the rights, in regard to the bill, of the holder at the time of such payment". The acceptor for honour's liability is in…

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Section 114 of the Negotiable Instruments Act deals with:

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Section 114 gives a person who pays for honour "all the rights, in regard to the bill, of the holder at the time of such payment". The acceptor for honour's liability is in s.111, payment for honour itself in s.113, and the drawee in case of need in s.115.

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