Site navigation

Under Section 95 of the Negotiable Instruments Act, 1881, a party receiving notice of dishonour must…

Section 95 of the Negotiable Instruments Act requires onward notice "in order to render any prior party liable to himself". It preserves recourse against prior parties…

Choose your answer

Under Section 95 of the Negotiable Instruments Act, 1881, a party receiving notice of dishonour must give notice to prior parties within a reasonable time when he wants to:

Select one answer
Answer and explanation

Correct answer B

Section 95 of the Negotiable Instruments Act requires onward notice "in order to render any prior party liable to himself". It preserves recourse against prior parties without releasing the notifier’s own liability; special rights after reacquisition under Section 52 do not turn this notice rule into a rule about later indorsers.

Practice for these exams

Related exam syllabi

Related questions in this topic