Business Studies, asked by avkacharyulu8657, 1 year ago

Dishonour and discharge of negotiable instruments

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Answered by XArpitSharmaX

Answer:

A promissory note, bill of exchange, or cheque is said to be dishonoured by non-payment when the maker of the note, acceptor of the bill, or drawee of the cheque commit default in payment upon being duly required to pay the same.

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