Bills of Exchange

Honour of a Bill

  • Bills of exchange is an instrument in writing, containing an unconditional order signed by the maker, directing a certain person to pay a certain sum of money, only to or to the order of certain person or to the bearer of the instrument.
  • Advantages .... Read More

Dishonour of a Bill

  • When the Drawee fails to make the payment on the date of maturity of the bill it is called dishonour of bill.
  • Under dishonour of bill, the liability of the acceptor is restored. So the entries made on the receipt of the bill sh .... Read More

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