Bills of Padmini and Co. dishonoured
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Dishonour of Bill. When the drawee (a person who is liable to pay) is not able to make the payment on the date of maturity of a bill, a bill is said to be dishonoured. In this situation liability of drawee is restored. Dishonour of a bill can be either by non-acceptance or non-payment.
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HARISH AND KARTHIK TNX FOR FREE POINTS ILL FOLLOW U AND U FOLLOW TAPATODIAL
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