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When notice of dishonour is not necessary

When notice of dishonour is not necessary

 

 

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A notice of dishonor typically occurs when there are insufficient funds for a bank draft or check. This can happen when a person or institution is low on funds When a bill of exchange is dishonoured by non-acceptance and due notice of dishonour is given, it shall not be necessary to give notice of a subsequent - Notice of dishonor is not required to be given to the drawer in either of the following cases: (a) Where the drawer and drawee are the same person; (b) When No notice of dishonour is necessary where the party charged suffers no damage for want of it. Therefore, neither presentment nor notice of dishonour is Notice of dishonour must be given by a holder to the persons whom he seeks to make liable on the instrument. But notice of dishonor is not necessary (2)Where a bill is dishonoured by non-acceptance, and due notice of dishonour is given, it shall not be necessary to give notice of a subsequent dishonourWhen notice of dishonour is unnecessary.—No notice of dishonour is necessary— (c) when the party charged could not suffer damage for want of notice;.

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