Acceptor for honour cannot be charged unless the bill is presented to drawee, dishonoured and protested. Liability of an acceptor for honour arises only after the bill is presented to the drawee at maturity, the drawee dishonours it, and the dishonour is ... Summary
Acceptor for honour cannot be charged unless the bill is presented to drawee, dishonoured and protested.
Liability of an acceptor for honour arises only after the bill is presented to the drawee at maturity, the drawee dishonours it, and the dishonour is noted or protested; absent these sequential prerequisites the acceptor for honour cannot be charged.
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