Question

When the acceptor of a negotiable instrument is also a drawer, in that case a notice of dishonor is:

• A. Necessary
• B. Not necessary
• C. Not always necessary but under certain circumstances it is must
• D. Depending on option of the parties

Answer 1

The Correct Option is B

If the acceptor of a negotiable instrument is also the drawer, notice of dishonor is not required, as there is no other party to inform.