Question
Legal Studies Question on Laws of Contract
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
Not necessary
Explanation
Solution
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.