About this document
Understanding Sections 14-16 of NI Act by kakashikabuto is a document available to read on EtoBox.
Section 14 discusses incomplete instruments that are voluntarily delivered by the maker or drawer. This creates a presumption that the maker/drawer authorized the payee to fill in the blanks according to instructions. However, if the instrument is filled in violation of the authority given, the party who did so and prior parties will not be liable to a holder but will be liable to a holder in due course. Section 15 covers incomplete and undelivered instruments. If such an instrument is completed and negot
- Author
- kakashikabuto
- Language
- EN