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Section 117 of the Negotiable Instruments Act deals with:

Section 117 is headed "Rules as to compensation" and fixes what the holder or a paying indorser may recover on dishonour. Interest where no rate is specified falls under…

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Section 117 of the Negotiable Instruments Act deals with:

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Section 117 is headed "Rules as to compensation" and fixes what the holder or a paying indorser may recover on dishonour. Interest where no rate is specified falls under s.80, and the presumptions under s.118.

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