71Liability of drawer

#### 71 Liability of drawer Subject to subsection 17(1), section 59 and subsection 60(1), the drawer of a cheque, by drawing the cheque, undertakes: (a) that, on due presentment for payment, the cheque will be paid according to its tenor as drawn; and (b) that: (i) if the cheque is dishonoured when duly presented for payment; or (ii) if presentment of the cheque for payment is dispensed with by virtue of paragraph 59(a) or (aa) and the cheque is unpaid after its date has arrived; the drawer will compensate the holder or an indorser who is compelled to pay the cheque.