Under the Negotiable Instruments Act, 1881, when the drawee of a bill signs his assent upon the bill…
Under s.7 of the Negotiable Instruments Act, 1881, once the drawee signs his assent on the bill and delivers it, or gives notice of the signing to the holder, he becomes the…
Choose your answer
Under the Negotiable Instruments Act, 1881, when the drawee of a bill signs his assent upon the bill and delivers it or gives notice of such signing, he becomes the:
Answer and explanation
Correct answer C
Under s.7 of the Negotiable Instruments Act, 1881, once the drawee signs his assent on the bill and delivers it, or gives notice of the signing to the holder, he becomes the acceptor.
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