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Cheque dishonour?

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Cheque dishonour?

Dishonour of cheque meaning:

A cheque is said to be honoured, if the banks give the amount to the payee. While, if the bank refuses to pay the amount to the payee, the cheque is said to be dishonoured. In other words, dishonour of cheque is a condition in which bank refuses to pay the amount of cheque to the payee.

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What are the circumstances under which a bill of exchange can be dishonourd by non-acceptance? Also explain the consequences of a cheque gets dishonoured for insufficiency of funds in the account.?

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Cheque dishonour? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Cheque dishonour? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cheque dishonour?.

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