Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What liability to a bona-fide holder have drawers, acceptors, endorsers or guarantors by aval in a Bill of Exchange?

April 26, 2017acceptors bona-fide drawers endorsers exchange guarantors liability

0

Posted

What liability to a bona-fide holder have drawers, acceptors, endorsers or guarantors by aval in a Bill of Exchange?

1 Answer

0

Posted

They are jointly and severally liable to the holder. The holder has the right of proceeding against all these persons individually or collectively without being required to observe the order in which they have become bound.