Section 106: Reasonable time of giving notice of dishonour.

The Negotiable Instruments Act, 1881Central Act · Act 26 of 1881

If the holder and the party to whom notice of dishonour is given carry on business or live (as the case may be) in different places, such notice is given within a reasonable time if it is dispatched by the next post or on the day next after the day of dishonour.

If the said parties carry on business or live in the same place, such notice is given within a reasonable time if it is dispatched in time to reach its destination on the day next after the day of dishonour.

Where this provision sits

Act	The Negotiable Instruments Act, 1881
Section	106
Marginal note	Reasonable time of giving notice of dishonour.
Jurisdiction	Central
Status	In force as published by the source

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