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Section 151. Rights of holder where bill not accepted - Negotiable Instruments Law

Section 151. Rights of holder where bill not accepted of Negotiable Instruments Law. Section 151. Rights of holder where bill not accepted.- When a bill is dishonored by nonacceptanee, an immediate right of recourse against the dr

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

Negotiable Instruments Law

Section 151. Rights of holder where bill not accepted.- When a bill is dishonored by nonacceptanee, an immediate right of recourse against the drawers and indorsers accrues to the holder and no presentment for payment is necessary.

CHAPTER XII.

PROTEST.

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