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Section 83. When instrument dishonored by nonpayment - Negotiable Instruments Law

Section 83. When instrument dishonored by nonpayment of Negotiable Instruments Law. Section 83. When instrument dishonored by nonpayment.- The instrument is dishonored by nonpayment when- (a) It is duly presented for payment and

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

Negotiable Instruments Law

Section 83. When instrument dishonored by nonpayment.- The instrument is dishonored by nonpayment when-

(a) It is duly presented for payment and payment is refused or can not be obtained; or

(b) Presentment is excused and the instrument is overdue and unpaid.

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