Log In Create Account
Codal Library

Section 115. When notice need not be given to indorser - Negotiable Instruments Law

Section 115. When notice need not be given to indorser of Negotiable Instruments Law. Section 115. When notice need not be given to indorser.- Notice of dishonor is not required to be given to an indorser in either of the following

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 115. When notice need not be given to indorser.- Notice of dishonor is not required to be given to an indorser in either of the following cases:

(a) Where the drawee is a fictitious person or a person not having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument;

(b) Where the indorser is the person to whom the instrument is presented for payment;

(c) Where the instrument was made or accepted for his accommodation.

Clara

Hello