36: Liability of prior parties to holder in due course
The Negotiable Instruments Act · Federal Acts · Chapter III · in_force
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Every prior party to a negotiable instrument is liable thereon to a holder in due course until the instrument is duly satisfied.
Effective date: 1881-12-09
Related sections
35: Liability of indorser37: Maker, drawer and acceptor principals34: Acceptance by several drawees not partners38: Prior party a principal in respect on each subsequent party33: Only drawee can be acceptor except in need or for honour38A: Liability of accommodation party and position of accommodation party
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