law: Negotiable Instruments Act, 1881 
  45. Partial failure of consideration not consisting of
  
  money 
  Where a part of the consideration for which a person signed a
  
  promissory note, bill of exchange or cheque, though not consisting of money, is
  
  ascertainable in money without collateral enquiry, and there has been a failure
  
  of that party, the sum which a holder standing in immediate relation with such
  
  signer is entitled to receive from him is proportionally reduced.