7
Question
State whether the following statement is True or False.
Retirement of bill means payment of the bill before due date.
State whether the following statement is True or False.
Retirement of bill means payment of the bill before due date.
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Solution
The correct option is A True
Option A is correct one.
Retirement of Bills of Exchange. It may happen sometimes that the drawee has surplus funds. So he may decide to pay the amount of the bill before the date of maturity. Thus, he asks the drawer or the holder whether he is ready to accept the payment before the due date of the bill.
Option A is correct one.
Retirement of Bills of Exchange. It may happen sometimes that the drawee has surplus funds. So he may decide to pay the amount of the bill before the date of maturity. Thus, he asks the drawer or the holder whether he is ready to accept the payment before the due date of the bill.
Retirement of Bills of Exchange. It may happen sometimes that the drawee has surplus funds. So he may decide to pay the amount of the bill before the date of maturity. Thus, he asks the drawer or the holder whether he is ready to accept the payment before the due date of the bill.
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