A bill is drawn and accepted for the accommodation of P, the payee. P endorses it away. The bill is dishonored and P pays the amount of the bill. Can P sue the drawer or the acceptor for the amount of the bill?
Atheesha M V (1 Points)
28 February 2021A bill is drawn and accepted for the accommodation of P, the payee. P endorses it away. The bill is dishonored and P pays the amount of the bill. Can P sue the drawer or the acceptor for the amount of the bill?
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 01 March 2021
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