Negotiable instruments

Corporate & Other Laws

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

869

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