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In case of non-payment at maturity, what would an omission to protest imply for a bona-fide holder?

April 26, 2017bona-fide Case imply maturity non-payment omission protest

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In case of non-payment at maturity, what would an omission to protest imply for a bona-fide holder?

1 Answer

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10 Posted

The bonafide holder is losing his Bill of Exchange rights against endorsers, the drawer and other Bill of Exchange parties with the exception for the acceptor. The holder maintains his right against the acceptor for three years, calculated from the date of maturity.