Act No. 2031 Section 116

Notice of nonpayment where acceptance refused.

Section 116

SEC. 116. Notice of nonpayment where acceptance refused.— Where due notice ot dishonor by nonacceptance has been given, notice of a subsequent dishonor by nonpayment is not necessary, unless in the meantime the instrument has been accepted.

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Other provisions in CHAPTER VII.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2031 Section 116 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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