Question

Nonpayment in accordance with the apparent tenor of the bill. Answer in a word / phrase / term.

Answer 1

Heya user ✨✨


⏩Bill Dishonored

Answer 2

Answer:

Dishonour of the Bill

Explanation:

Nonpayment in accordance with the apparent tenor of the bill is known as the dishonour of the bill.

A bill is said to have been dishonoured if on the maturity date the drawee fails to make the payment. In such a situation, the acceptor's liability will be restored. The entries produced on the bill's receipt should therefore be overturned.