October 2022

Section 91 Negotiable Instruments (NI) ACT: Dishonour by non-acceptance.— A bill of exchange is said to be dishonoured by non-acceptance when the drawee, or one of several drawees not being partners, makes default in acceptance upon being duly required to accept the bill, or where presentment is excused and the bill is not accepted. Where …

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Section 61 of Transfer of Property Act (TPA) :- Right to redeem separately or simultaneously.— A mortgagor who has executed two or more mortgages in favour of the same mortgagee shall, in the absence of a contract to the contrary, when the principal money of any two or more of the mortgages has become due, …

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