NIA 98 — When notice of dishonour is unnecessary

Negotiable Instruments Act, 1881

Statutory text

No notice of dishonour is necessary—
(a) when it is dispensed with by the party entitled thereto;
(b) in order to charge the drawer, when he has countermanded payment;
(c)when the party charged could not suffer damage for want of notice;
(d) when the party entitled to notice cannot after due search be found; or the party bound to give
notice is, for any other reason, unable without any fault of his own to give it;
(e) to charge the drawers, when the acceptor is also a drawer;
(f) in the case of a promissory note which is not negotiable;
(g)  when  the  party  entitled  to  notice,  knowing  the  facts,  promises  unconditionally  to  pay  the amount due on the instrument.

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