Question
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the bill to Mr. Suresh. On the due date, Mr. Rohit defaulted. Who is primarily liable now?
More Bills of Exchange Questions
- A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
- When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
- The person who draws a bill of exchange is called the:
- The party who is entitled to receive the payment of a bill of exchange is called the:
- Which accounting standard governs the treatment of inventories in India?
- The term 'Days of Grace' in relation to a bill of exchange refers to:
- When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
- CSR stands for
- Which of the following is an example of transaction in money under GST laws
- A bill of exchange drawn on 15th March for 2 months will mature on:
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