Under the Negotiable Instruments Act, 1881, the party who fails to accept is:
Under s.91 of the Negotiable Instruments Act, 1881, it is the drawee who fails or makes default in accepting the bill when duly required, not the indorsee, drawer, or…
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Under the Negotiable Instruments Act, 1881, the party who fails to accept is:
Answer and explanation
Correct answer C
Under s.91 of the Negotiable Instruments Act, 1881, it is the drawee who fails or makes default in accepting the bill when duly required, not the indorsee, drawer, or indorser.
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