Drawee in case of need: bill not dishonoured until that drawee refuses acceptance or payment. Where a drawee in case of need is designated in a bill of exchange or in an endorsement, the bill is not dishonoured until that designated drawee has ... Summary
Drawee in case of need: bill not dishonoured until that drawee refuses acceptance or payment.
Where a drawee in case of need is designated in a bill of exchange or in an endorsement, the bill is not dishonoured until that designated drawee has dishonoured it, making the named drawee's refusal or failure to accept or pay the operative event for dishonour.
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