Section 59 of NIA : Section 59: Instrument Acquired After Dishonour Or When Overdue
NIA
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Explanation using Example
Imagine John holds a cheque that was dishonoured due to insufficient funds. Aware of this, he sells the cheque to Mark after the cheque's maturity date. Mark, now the holder of the cheque, can only claim against the cheque's issuer what John co...
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