The holder of bill can receive payment from ________ in the case of dishonour of bill
Under Sections 30, 35, and 38 of the Negotiable Instruments Act, 1881, upon dishonour of a bill of exchange (with due notice of dishonour), the holder can recover payment…
Choose your answer
The holder of bill can receive payment from ________ in the case of dishonour of bill
Answer and explanation
Correct answer D
Under Sections 30, 35, and 38 of the Negotiable Instruments Act, 1881, upon dishonour of a bill of exchange (with due notice of dishonour), the holder can recover payment from 'any prior endorser or the drawer' (as well as the acceptor).
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