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1946 (9) TMI 7 - HC - Indian LawsExtract: .......may be absolute or conditional, strong presumption being in favour of conditional payment. When the bill or note is dishonoured it seems that the debt which was conditionally paid thereby is to be treated as subsisting throughout. Conversely, when the bill or note is duly honoured, the payment dates from the date of the receipt of the bill or note.
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