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The holder and the party receiving notice are in different places. Under section 106 of the Negotiable…

Section 106 treats notice to a party in a different place as given within a reasonable time "if it is despatched by the next post or on the day next after the day of…

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The holder and the party receiving notice are in different places. Under section 106 of the Negotiable Instruments Act, 1881, how is notice dispatched on the day after dishonour treated?

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Correct answer B

Section 106 treats notice to a party in a different place as given within a reasonable time "if it is despatched by the next post or on the day next after the day of dishonour". Despatch on the next day is therefore in time; the Act does not demand same-day notice.

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