Section 17 - Ambiguous instruments, Section 18 - Where amount is stated differently in figures and words : Negotiable Instruments Act 1881

What is Ambiguous Instruments? Which amount is taken where amount is stated differently in figures and words? Ambiguous Instruments and where amount is stated differently in figures and words are defined under Section 17 and 18 of Negotiable Instruments Act 1881 

 

Section 17 of Negotiable Instruments Act 1881: "Ambiguous instruments"

Where an instrument may be construed either as a promissory note or bill of exchange, the holder may at his election treat it as either and the instrument shall be thenceforward treated accordingly.

 

Section 18 of Negotiable Instruments Act 1881: "Where amount is stated differently in figures and words"

If the amount undertaken or ordered to be paid is stated differently in figures and in words, the amount stated in words shall be the amount undertaken or ordered to be paid.

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