Business Studies, asked by ShivT8176, 3 months ago

What is presentment for acceptance? what are the effects of non-presentment for acceptance.

Answers

Answered by anupamadevichowdary
0

Explanation:

Introduction to Presentment for Acceptance

By accepting the bill the drawee gives is assent to the order of the drawer. ... The holder of a bill may refuse to take a qualified acceptance. In this case, he may treat the bill as dishonoured by non-acceptance and sue the drawer.

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