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In case a bill is dishonoured by non-acceptance:
  • a)
    No cause of action arises until it is presented for payment when due
  • b)
    The holder can at once proceed against the drawer by giving him a notice of dishonour
  • c)
    The holder may immediately file a suit against the drawee
  • d)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
In case a bill is dishonoured by non-acceptance:a) ...


Explanation:

No cause of action arises until it is presented for payment when due:
- When a bill is dishonoured by non-acceptance, the holder must still present the bill for payment when it is due before any cause of action arises.
- Until the bill is presented for payment and payment is refused, the holder cannot take any legal action against the parties involved.

The holder can at once proceed against the drawer by giving him a notice of dishonour:
- The holder of a dishonoured bill can immediately proceed against the drawer (the person who issued the bill) by giving them a notice of dishonour.
- This notice informs the drawer that the bill has been dishonoured, and they are required to make payment.

The holder may immediately file a suit against the drawee:
- In the case of dishonour by non-acceptance, the holder can also choose to immediately file a lawsuit against the drawee (the person or entity ordered to pay the bill).
- This legal action can be taken without the need for presenting the bill for payment first.

Therefore, the correct answer is option 'B' - The holder can at once proceed against the drawer by giving him a notice of dishonour.
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In case a bill is dishonoured by non-acceptance:a) No cause of action arises until it is presented for payment when due b) The holder can at once proceed against the drawer by giving him a notice of dishonour c) The holder may immediately file a suit against the drawee d) None of these Correct answer is option 'B'. Can you explain this answer?
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