COMMERCIAL LAW – Bills of Exchange – Notice of Dishonour – Waiver – Conduct Implying Waiver Under Section 50(2)(b) of the Bills of Exchange Act

Waiver of notice of dishonour under Section 50(2)(b) may be express or implied from conduct. Conduct indicating waiver may occur before notice is due or after omission to give notice. Waiver is abandonment of a right. Two elements must co-exist: (1) knowledge/awareness of the act…