Bare ActsThe NEGOTIABLE INSTRUMENTS ACT, 1881

Section 117

Rules as to compensation

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Rules as to compensation.—The compensation payable in case of dishonour of a promissory note, bill of exchange or cheque, by any party liable to the holder or any indorsee, shall 5*** be determined by the following rules:— (a) the holder is entitled to the amount due upon the instrument together with the expenses properly incurred in presenting, noting and protesting it;

Section 117 – The NEGOTIABLE INSTRUMENTS ACT, 1881 | DailyLaw.ai