IndigoLearn

Forums

Negotiable instrument

Is acceptance to honour is made only aftr protest?...


Sahana Sirsikar

Sahana Sirsikar

CA Inter

9K+

16-Feb-20

131

Answers (4)

Can you please elaborate?


Suraj Lakhotia

Suraj Lakhotia

Admin

16-Feb-20

Meaning to say... If the drawee fails to pay at the date of maturity and then drawer goes to notary and gets it protested... So... Is it that acceptance for honour comes into play only after drawer makes protest...?


Thread Starter

Sahana Sirsikar

Sahana Sirsikar

CA Inter

9K+

16-Feb-20

I think, not exactly.bcoz the right of honour existed before the thing protested happen.even I too want clarity here


Divya tejasri

Divya tejasri

CA Inter

11K+

17-Feb-20

Acceptance to honor can be made in the following circumstances - - When a bill of exchange has been protested for dishonor by non-acceptance or - When a bill of exchange is protested for better security and is not overdue,


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Feb-20

All the Best
Flash Sale Byte size
Past_Exams
EMI
Tally + Excel Free
Inter Testimonials
Testimonials CA Foundation July 21
Refer
Quote
Excel Launch
Study Planner
Fundamentals of Blockchain
Financial Modelling