Question

Honour of a bill means payment in accordance with the apparent tenor of the bill. (State True or False)

Answer 1

TRUE IS THE ANSWER.....

Answer 2

Answer:

Yes, the given statement is correct.

Explanation:

The honour of bills of exchange means that the conditions and the specifications given in the bill were followed and the bill was drawn as per the rules and regulations.

If a bill is dishonoured then it means that a bill wasn't paid according to the specifications of the bill which means that the bill wasn't paid on time.