On dishonor of a discounted bill whom does the bank look for payment

Endorser

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Drawer

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Payee

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Drawee

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Solution

The correct option is B
Drawer

When a discounted bill gets dishonoured, the drawer becomes the creditor of the bank. hence the bank will recover the amount of dishonoured bill from the drawer.

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Similar questions

Who pays the noting charges when a bill which has been discounted with the bank is dishonored by the drawee?

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When noting charges are paid by the bank at the time of dishonor of bill the Drawee credits :

Q.
The bill is drawn as an order to drawee to pay certain amount to payee. If drawee refuses to honour the bill, another person may be named in the bill itself, as _____.

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On dishonor of a discounted bill whom does the bank look for payment

The correct option is B Drawer When a discounted bill gets dishonoured, the drawer becomes the creditor of the bank. hence the bank will recover the amount of dishonoured bill from the drawer.

The correct option is B
Drawer

When a discounted bill gets dishonoured, the drawer becomes the creditor of the bank. hence the bank will recover the amount of dishonoured bill from the drawer.