Question

what is dishonor of bill?​

Answer 1

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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.

Answer 2

Answer:

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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.

can also be asked :

What is Honour and Dishonour of bills?

When the bill is presented for payment on the maturity of the bill, and is paid, the situation is called Honour of the Bill. Dishonour of a Bill. When the bill is presented for payment on the maturity of the bill,and is not paid, the situation is said to be Dishonour of a bill.