NI Act, Section 44. Partial absence or failure of money-consideration

Category of Bare Act Name of the Act Year of Promulgation
Criminal Laws Negotiable Instruments Act 1881
Act Number Enactment Date Chapter Number
26 09.12.1881 3
Chapter Title Ministry Department
Parties to Notes, Bills and Cheques Ministry of Finance Department of Financial Services

When the consideration for which a person signed a promissory note, bill of exchange or cheque consisted of money, and was originally absence in part relation with such signer id entitled to receive from him is proportionally reduced.