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Business Law

Discharge of Parties from Liabilities

Meaning Discharge of parties refers to the release of a person — the maker, acceptor, or endorser — from their...

• BY Team Topic Nest
• November 30, 2020
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Business Law

Mode of giving Notice of dishonour

Meaning When a negotiable instrument such as a bill of exchange, promissory note, or cheque is dishonoured, either by non-acceptance...

• BY Team Topic Nest
• November 30, 2020
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Business Law

DISHONOUR

Dishonour is the refusal or failure to accept or pay a negotiable instrument when it is properly presented for acceptance...

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• November 30, 2020
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Business Law

Presentment for payment not necessary

Presentment for payment is generally required to demand payment of a negotiable instrument from the person liable to pay. However,...

• BY Team Topic Nest
• November 30, 2020
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Business Law

Presentment for payment

Presentment for Payment is the formal act of demanding payment from the person who is liable to pay a negotiable...

• BY Team Topic Nest
• November 30, 2020
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Business Law

When presentment for acceptance not necessary

Presentment for Acceptance is not necessary in the following cases: When the bill is payable on demand A bill payable...

• BY Team Topic Nest
• November 30, 2020
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Business Law

Presentment

Meaning: Presentment means the formal production of a negotiable instrument to the person liable on it for acceptance or payment....

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• November 30, 2020
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Business Law

An acceptor for honour

An Acceptor for Honour is a person who voluntarily accepts a bill of exchange that has already been dishonoured by...

• BY Team Topic Nest
• November 30, 2020
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Business Law

Who can accept a bill

• BY Team Topic Nest
• November 30, 2020
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Business Law

ACCEPTANCE

• BY Team Topic Nest
• November 30, 2020
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