Question

Areena drew a bill of exchange on Sadia which is payable after 90 days. The holder Ayesha kept the bill with her for 70 days and then presents it for acceptance before Sadia. Sadia in the meanwhile becomes insolvent. Ayesha sues Areena for payment. Will she succeed? Give your opinion

Answer 1

Answer:

no, Ayesha will not succeed as the maturity of bill of exchange has not come,, Ayesha can sue only after 90 days.

hope it helps.