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Negotiable Instruments Act, 1881

Topic Serial # Content Case Law
 

PREAMBLE

 
0 PREAMBLE
 

CHAPTER I

 
 

PRELIMINARY

 
1 Short title Case Law
1 1-A Application of the Act
2 [Repeal of enactments]
3 Interpretation-clause
 

CHAPTER II

 
 

OF NOTES BILLS AND CHEQUES

 
4 Promissory note
5 Bill of exchange Case Law
6 Cheque
7 Drawer, Drawee
8 Holder
9 Holder in due course Case Law
10 Payment in due course
11 Inland instrument
12 Foreign instrument
13 Negotiable instrument Case Law
14 Negotiation
15 Indorsement
16 Indorsement 'in blank' and in 'full'; 'Indorsee'
17 Ambiguous instrument
18 Where amount is stated differently in figures
19 Instruments payable on demand
20 Inchoate stamped instruments Case Law
21 'At sight', 'On presentment', 'After sight'
21 21-A When note or bill payable on demand is overdue
21 21-B A note or bill payable at a determinable future time
21 21-C Anti-dating and post-dating
22 Maturity Case Law
23 Calculating maturity of bill or note payable so
24 Calculating maturity of bill or note payable so many days after date or sight
25 When day of maturity is a holiday
 

CHAPTER III

 
 

PARTIES TO NOTES, BILLS AND CHEQUES

 
26 Capacity to make, etc Case Law
27 Agency
27 27-A Authority of partners
28 Liability of agent signing
28 28-A Transferor by delivery and transferee
29 Liability of legal representative signing
29 29-A Signature essential to liability
29 29-B Forged unauthorised signature
29 29-C Stranger signing instrument presumed to be indorser
30 Liability of drawer
31 Liability of drawer of cheque Case Law
32 Liability of maker of note and acceptor of bill
33 Only drawee can be acceptor except in need or for honour
34 Acceptance by several drawees not partners
35 Liability of indorser
36 Liability of prior parties to holder in due course
37 Maker, drawer and acceptor principals
38 Prior party a principal in respect of each subsequent party
38 38-A Liability of accommodation party and position of accommodation party
39 Suretyship
40 Discharge of indorser's liability
41 Acceptor bound although indorsement forged
42 Acceptance of bill drawn in fictitious name
43 Negotiable instrument made etc
44 Partial absence or failure of money consideration Case Law
45 Partial failure of consideration not consisting of money
45 45-A Holder's right to duplicate of lost bill
 

CHAPTER IV

 
 

OF NEGOTIATION

 
46 Delivery
47 Negotiation by delivery
48 Negotiation by indorsement
49 Conversion of indorsement in blank into indorsement in full
50 Effect of indorsement
51 Who may negotiate
52 Indorser who excludes his own liability or makes it conditional
53 Holder claiming through holder in due course
53 53-A Rights of holder in due course
54 Instrument indorsed in blank
55 Conversion of indorsement in blank into. indorsement
56 Requisites of indorsement
57 Legal representative cannot by delivery only negotiate instrument indorsed by deceased
57 57-A Negotiation of instrument to party already liable thereon
57 57-B Rights of holder
58 Defective title Case Law
60 Instrument negotiable till payment or satisfaction
 

CHAPTER V

 
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