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Section 103 - Protest for non-payment after dishonour by non-acceptance, Section 104 - Protest of foreign bills : Negotiable Instruments Act 1881

 

 

What is Protest for non-payment after dishonour by non-acceptance? What is Protest of foreign bills? Protest for non-payment after dishonour by non-acceptance and Protest of foreign bills are defined under Section 103 and 104 of Negotiable Instruments Act 1881

Section 103 of Negotiable Instruments Act 1881: "Protest for non-payment after dishonour by non-acceptance"

All bills of exchange drawn payable at some other place than the place mentioned as the residence of the drawee, and which are dishonoured by non-acceptance, may, without further presentment to the drawee, be protested for non-payment in the place specified for payment, unless paid before or at maturity.

 

Section 104 of Negotiable Instruments Act 1881: "Protest of foreign bills"

Foreign bills of exchange must be protested for dishonour when such protest is required by the law of the place where they are drawn.

 

Negotiable Instruments Act 1881

Section 101 - Contents of protest

Section 102 - Notice of protest

Section 103 - Protest for non-payment after dishonour by non-acceptance

Section 104 - Protest of foreign bills

 

 

Section 104A - When noting equivalent to protest

CHAPTER X
OF REASONABLE TIME

Section 105 - Reasonable time

Section 106 - Reasonable time of giving notice of dishonour

Section 107 - Reasonable time for transmitting such notice

CHAPTER XI
OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED

Section 108 - Acceptance for honour

Section 109 - How acceptance for honour must be made

Section 110 - Acceptance not specifying for whose honour it is made

 

 

Section 111 - Liability of acceptor for honour

Section 112 - When acceptor for honour may be charged

Section 113 - Payment for honour

Section 114 - Right of payer for honour

Section 115 - Drawee in case of need

Section 116 - Acceptance and payment without protest

 

 

CHAPTER XII
OF COMPENSATION

Section 117 - Rules as to compensation

CHAPTER XIII
SPECIAL RULES OF EVIDENCE

Section 118 - Presumptions as to negotiable instruments

Section 119 - Presumption on proof of protest

Section 120 - Estoppel against denying original validity of instrument

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