Log In Create Account
Codal Library

Section 3. When promise is unconditional - Negotiable Instruments Law

Section 3. When promise is unconditional of Negotiable Instruments Law. Section 3. When promise is unconditional.-An unqualified order or promise to pay is unconditional within the meaning of this Act, though coupled

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 3. When promise is unconditional.-An unqualified order or promise to pay is unconditional within the meaning of this Act, though coupled with-

(a) An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or

(b) A statement of the transaction which gives rise to the instrument.

But an order or promise to pay out of a particular fund is not unconditional.

Clara

Hello