law: Negotiable Instruments Act, 1881 
  134. Law governing liability of maker, acceptor or
  
  endorser of foreign instrument  
  In the absence of a contract to the contrary, the liability of
  
  the maker or drawer of a foreign promissory note, bill of exchange or cheque is
  
  regulated in all essential matters by the law of the place where he made the
  
  instrument, and the respective liabilities of the acceptor and endorser by the
  
  law of the place where the instrument is made payable.
  Illustration 
  A bill of exchange was drawn by A in California where the rate
  
  of interest is 25 per cent, and accepted by B, payable in Washington where the
  
  rate of interest is 6 per cent. The bill is endorsed in 35[India], and is
  
  dishonored. An action on the bill is brought against B in 14[India]. He is
  
  liable to pay interest at the rate of 6 per cent, only; but if A is charged as
  
  drawer, A is liable to pay interest at the rate of 25 per cent.