With a bank-accepted bill the drawer has a secondary liability after the acceptor to pay the holder of the bill the face value of the bill at the maturity date.

Name: With a bank-accepted bill the drawer has a secondary liability after the acceptor to pay the holder of the bill the face value of the bill at the maturity date.
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Question

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If the bill is dishonoured by the acceptor at maturity, the drawer has the responsibility to pay the bill holder.

With a Bank-Accepted Bill the Drawer Has a Secondary Liability