alleryNotice of dishonour is required for:
APromissory notes only
BCheques in all cases
CBills of Exchange always
DOnly foreign bills always
Answer & Solution
Correct answer: C. Bills of Exchange always
1. NI Act requires notice of dishonour to be given by holder to drawer and endorsers of a bill.
2. PN does not require such notice (maker is primarily liable).
3. Cheques follow separate rules.
_Source: ICAI BoS Foundation Paper 1, Ch 6 "Bills of Exchange", §3 differences_
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