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Question
State True or False with reason:-
Noting charges are to be borne by the drawer
Options
True
False
MCQ
True or False
Solution
This statement is False.
Noting charges are to be borne by the drawee only as due to his act of non-payment, the bill is dishonoured and the drawer is not able to get money on its due date.
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Parties to a Promissory Note
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RELATED QUESTIONS
When the due date of bill drawn falls due on a public holiday, the payment must be made on the ___________ day.
State True or False with reason:-
There are three parties to a promissory note.
Do you agree or disagree with the following statement:-
A bill before acceptance is called Promissory Note.
