A bill is payable three months after date. It is accepted for the accommodation of the drawer.
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Question:
A bill is payable three months after date. It is accepted for the accommodation of the drawer. After maturity, the drawer indorses it to "B" for value. Explain if "B" can recover the money from the acceptor. (5 marks)
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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