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When a promissory note, bill of exchange or cheque
is dishonoured by non-acceptance or non-payment, the holder thereof, or some party thereto who remains
liable thereon, must give notice that the instrument has been so dishonoured to all other parties whom the
holder seeks to make severally liable thereon, and to some one of several parties whom he seeks to make
jointly liable thereon.
Nothing in this section renders it necessary to give notice to the maker of the dishonoured promissory
note or the drawee or acceptor of the dishonoured bill of exchange or cheque.
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