NI Act 56Chapter IV · Of Negotiation
Section 56 · Indorsement for part of sum due
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No writing on a negotiable instrument is valid for the
purpose of
negotiation if such writing purports to transfer only a part of the amount appearing to be due on the
instrument; but where such amount has been partly paid, a note to that effect may be indorsed on the
instrument, which may then be negotiated for the balance.
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