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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

24K+

12-Aug-20

136

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

CA Inter

27K+

13-Aug-20

Can acceptor for honour sue or claim monry from drawee?


Thread Starter

Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

24K+

13-Aug-20

Thread Starter

Raviteja Kusumanchi

Can acceptor for honour sue or claim monry from drawee?

*money


Thread Starter

Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

24K+

13-Aug-20

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

ruchi lahoti

CA Inter

27K+

13-Aug-20

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