Negotiable Instruments Act, 1881
Section - 45 - Partial failure of consideration not consisting of money
Partial failure of consideration not consisting of money.
45. Where a part of the consideration for which a person signed a promissory note, bill of exchange or cheque, though not consisting of money, is uncertainable in money without collateral enquiry, and there has been a failure of that part, the sum which a holder standing in immediate relation with such signer is entitled to receive from him is proportionally reduced.
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