Section 5 • THE CHHATTISGARH MONEYLENDERS ACT, 1934
Section 5. Debtors not bound to admit correctness of accounts supplied.
A debtor to whom a statement of accounts has been furnished under clause (b) of sub-section (1) of Section 3 shall not be bound to acknowledge or deny its correctness and his failure to protest shall not by itself be deemed to be an admission of the correctness of the account.
{
"act_title": "THE CHHATTISGARH MONEYLENDERS ACT, 1934",
"act_slug": "the-chhattisgarh-moneylenders-act-1934",
"section_label": "Section",
"section": {
"number": "5",
"title": "Section 5. Debtors not bound to admit correctness of accounts supplied.",
"chapter": null,
"content": "A debtor to whom a statement of accounts has been furnished under clause (b) of sub-section (1) of Section 3 shall not be bound to acknowledge or deny its correctness and his failure to protest shall not by itself be deemed to be an admission of the correctness of the account.",
"footnote": "",
"is_definition": false,
"sort_order": 250
},
"prev_section": "4",
"next_section": "6"
}
