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Section 115Sec./Art. 115
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When notice need not be given to indorser.- Notice of dishonor is not required to be given to an indorser in either of the following cases:
(a) Where the drawee is a fictitious person or a person not having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument;
(b) Where the indorser is the person to whom the instrument is presented for payment;
(c) Where the instrument was made or accepted for his accommodation.
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