Under the Limitation Act, 1963 the period of limitation for filing a suit by the payee against the drawer of a bill of exchange which has been dishonoured by non-acceptance is

A) 3 years from the date of the refusal to accept B) 2 years from the date of the refusal to accept C) 3 years from the date of the date of signing by the drawer D) 3 years from the date of presentment

Answer & Solution

Correct Answer: Option A

Let's discuss the solution. Join the discussion

Question posted by Examveda

Community

Join the Discussion

Join the discussion

Login to post a comment or share your explanation.

No comments yet Be the first to discuss this question.

Keep Learning

Under the Limitation Act 1963 the period of limitation for filing...

Under the Limitation Act, 1963 the period of limitation for filing a suit by the payee against the drawer of a bill of exchange which has been dishonoured by non-acceptance is

Join the Discussion

Related Questions on Negotiable Instruments Act