31: Liability of drawee of cheque — Negotiable Instruments Act, 1881

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The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and, in default of such payment, must compensate the drawer for any loss or damage caused by such default.

Effective date: 1881-12-09

Related sections

30: Liability of drawer 32: Liability of maker of note and acceptor of bill 29C: Stranger signing instrument presumed to be indorser 33: Only drawee can be acceptor except in need or for honour 29B: Forged or un authorized signature 34: Acceptance by several drawees not partners

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