30 where in a bill the drawer and the drawee are the

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Fraud Examination
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Chapter 8 / Exercise 11
Fraud Examination
Albrecht/Albrecht
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30 .) Where in a bill the drawer and the drawee are the same person or where the drawee is a fictitious person, or a person not having the capacity to contract ,the holder, at his option, may treat the instrument as a) Dishonored b) Promissory note c) Bill of exchange d) Either a bill of exchange or a promissory note Based on Sec. 130 when bill may be treated as promissory notes.- where in a bill the drawer and drawee are the same person or where the drawee is a fictitious person, or a person not having the capacity to contract ,the holder, at his option, may treat the instrument as, at his option, either as a bill of exchange or a promissory note.
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Fraud Examination
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Chapter 8 / Exercise 11
Fraud Examination
Albrecht/Albrecht
Expert Verified

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