Under the Negotiable Instruments Act, 1881, notice of dishonour is not required to be given to:
Section 93 of the Negotiable Instruments Act does not require notice to the "maker" of a dishonoured note, or the drawee or acceptor of a dishonoured bill or cheque. Notice…
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Under the Negotiable Instruments Act, 1881, notice of dishonour is not required to be given to:
Answer and explanation
Correct answer B
Section 93 of the Negotiable Instruments Act does not require notice to the "maker" of a dishonoured note, or the drawee or acceptor of a dishonoured bill or cheque. Notice ordinarily protects the drawer and indorsers, but Section 98 lists cases dispensing with it, such as waiver or countermanded payment.
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