Commercial Law, 2011 Bar — Question 25

MULTIPLE CHOICE

A bill of exchange has T for its drawee, U as drawer, and F as holder. When F went to T for presentment, F learned that T is only 15 years old. F wants to recover from U but the latter insists that a notice of dishonor must first be made, the instrument being a bill of exchange. Is he correct? A) Yes, since a notice of dishonor is essential to charging the drawer. B) No, since T can waive the requirement of notice of dishonor. C) No, since F can treat U as maker due to the minority of T, the drawee. D) Yes, since in a bill of exchange, notice of dishonor is at all times required.

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