Kindly give some examples for both v & vi
Overall topic is Privileges of HDC. v. Example: Maker of the promissory note cannot make a plea that no consideration actually passed between him and the payee i.e. instrument is not originally valid. vi. Example: Drawer of the bill cannot make a plea that the payee was a minor or that he was insane and could not have indorsed the bill.
Kindly explain last point in this example
We know holder of the bill can bring a case against any prior parties. Last point says if case was made against A (drawer), it will be liable to interest @15%