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Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

4K+

12-Aug-20 12:20

14

Acceptor for honour

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

Answers (4)

Best Answer

ruchi lahoti

ruchi lahoti

Moderator

13-Aug-20 11:17

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

Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

4K+

13-Aug-20 12:06

Can acceptor for honour sue or claim monry from drawee?

ruchi lahoti

ruchi lahoti

Moderator

13-Aug-20 18:36

Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

4K+

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