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Acceptor for honour

Corporate & Other Laws

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

Raviteja Kusumanchi

CA Final

★ 24K+

12-Aug-20 12:20

377

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

CA Inter

★ 27K+

13-Aug-20 11:17

Can acceptor for honour sue or claim monry from drawee?

Thread Starter

Raviteja Kusumanchi

CA Final

★ 24K+

13-Aug-20 12:06

Thread Starter

Raviteja Kusumanchi

Can acceptor for honour sue or claim monry from drawee?

*money

Thread Starter

Raviteja Kusumanchi

CA Final

★ 24K+

13-Aug-20 12:08

Thread Starter

Raviteja Kusumanchi

*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

CA Inter

★ 27K+

13-Aug-20 18:36

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