Question

Who issues the notice of dishonor?

A Holder Correct Answer Incorrect Answer
B Drawer Correct Answer Incorrect Answer
C Drawee Correct Answer Incorrect Answer
D Acceptor Correct Answer Incorrect Answer

Solution

In the case of dishonour of a negotiable instrument by non-acceptance or non-payment, a liable holder should notify all the parties of his liability by issuing a notice of dishonour.

Practice Next
×
×