On the Death of a Maker or Acceptor of a Bill

question 41

True/False

On the death of a maker or acceptor of a bill of exchange,her or his liability passes to her or his personal representatives.

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Definitions:

Canadian Pacific Railroad

A historic railway company in Canada, established in the 19th century, playing a significant role in the development of the nation's commerce and industry.

Yield

The income return on an investment, such as the interest or dividends received, often expressed as a percentage of the investment's cost or current value.

Principle Due

The portion of a loan or mortgage payment that reduces the original amount borrowed; it does not include interest or additional fees.

Interest Rate

The percentage of an amount of money charged for its use per a certain period, often annually, by a lender to a borrower.