A bill should be presented for acceptance in case of insolvency of a drawee to
A)official receiver
B)drawee in case of need
C)acceptor for honour
D)none of the above

Name: A bill should be presented for acceptance in case of insolvency of a drawee to A)official receiver B)drawee in case of need C)acceptor for honour D)none of the above
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Question

Quizplus · Accepted Answer

In the case of insolvency of a drawee, the bill should be presented to the official receiver, who is responsible for handling the insolvent party's affairs.

A Bill Should Be Presented for Acceptance in Case of Insolvency