When the drawee (or acceptor) of the bill fails to make payment of the bill on the date of maturity, it is called

Endorsement of Bill

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Retirement of a Bill

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Noting of Bill

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Dishonour of Bill

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Solution

The correct option is C Dishonour of Bill
When the drawee( or acceptor)of the bill fails to make payments of the bill on the date of maturity it is called Dishonour of Bill.

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When the drawee (or acceptor) of the bill fails to make payment of the bill on the date of maturity, it is called

The correct option is C Dishonour of BillWhen the drawee( or acceptor)of the bill fails to make payments of the bill on the date of maturity it is called Dishonour of Bill.

The correct option is C Dishonour of Bill
When the drawee( or acceptor)of the bill fails to make payments of the bill on the date of maturity it is called Dishonour of Bill.