Advertisements
Advertisements
Question
Answer the following question in one sentence only.
When is the bill said to be honoured?
One Line Answer
Solution
When the amount specified in the bill of exchange is paid by the acceptor (i.e. the drawee) on the due date, it is called the honouring of the bill.
shaalaa.com
Honouring of Bill
Is there an error in this question or solution?
