Section 67 of NIA : Section 67: Presentment For Payment Of Promissory Note Payable By Instalments
NIA
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Explanation using Example
Imagine John has a promissory note where he owes Sarah $1000, to be paid in four quarterly instalments of $250 each. The first instalment is due on April 1st. According to Section 67 of The Negotiable Instruments Act, 1881, Sarah must...
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