Question

27 Consider the following statements in
connection with a bill of exchange
(1) Conditional order to pay
(11) Liability of a drawer is secondary and
conditional
(III
) Cannot be made payable to bearer
on demand
(IV) Need to be accepted
Which of the above statement is/are
not correct?
nly (0)​

Answer 1

Answer:

Only drawee can be acceptor except in need or for honour. 34. ... Presentment for payment of instrument payable at specified place and not ... 3 and the Second Schedule “a State”. 3.