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Acceptor for honour

Who is liable to pay on the date of the maturity? Is it the drawee or the the acceptor for honour?


Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

13K+

12-Aug-20 12:20

15

Answers (4)

Best Answer

primarily it is liability of the drawee. However upon not payment of the bill by drawee it is the liability of the acceptor for honour


ruchi lahoti

ruchi lahoti

Moderator

13-Aug-20 11:17

Can acceptor for honour sue or claim monry from drawee?


Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

13K+

13-Aug-20 12:06

Can acceptor for honour sue or claim monry from drawee?

*money


Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

13K+

13-Aug-20 12:08

*money

The liability of the acceptor for honour is conditional. The parties for whose honour he makes the payment are liable to compensate the acceptor for honour


ruchi lahoti

ruchi lahoti

Moderator

13-Aug-20 18:36