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The Negotiable Instruments Act

# 36    Liability of prior parties to holder in due course

Every prior party to a negotiable instrument is liable thereon to a holder in due course until the instrument is duly satisfied.

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PARTIES TO NOTES, BILLS AND CHEQUES
  • 32
     Liability of maker of note and acceptor of bill
  • 33
     Only drawee can be acceptor except in need or for honour
  • 34
     Acceptance by several drawees not partners
  • 35
     Liability of indorser
  • 37
     Maker, drawer and acceptor principals
  • 38
     Prior party a principal in respect of each subsequent party
  • 39
     Suretyship
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