Question

    Who issues the notice of dishonor?

    A Holder Correct Answer Incorrect Answer
    B Drawer Correct Answer Incorrect Answer
    C Drawee Correct Answer Incorrect Answer
    D Acceptor Correct Answer Incorrect Answer

    Solution

    In the case of dishonour of a negotiable instrument by non-acceptance or non-payment, a liable holder should notify all the parties of his liability by issuing a notice of dishonour.

    Practice Next