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