Business Law Archives

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

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

Business Law

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

Business Law

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

Business Law

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

Business Law

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

Business Law

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