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Negotiable instruments

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Can some one explain what is that NO RIGHT OF ACCOMODATED PARTY TO RECOVER FROM ACCOMMODATING PARTY ?

Sachin M

CA Inter

★ 280

20-Feb-20 22:12

434

Answers (1)

If accommodated party has paid any amount on an accommodated negotiable instrument, he cannot recover from accommodating party under law.

CA Suraj Lakhotia

Admin

25-Apr-20 09:44

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