Question

Name the party on which liability for a discounted bill lies, in case of

dishonour of bill?​

Answer 1

Explanation:

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.

Answer 2

Heya user!

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✴️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.

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Hope it helped ✌️