The Voluntary payment of the bill of exchange
Zusammenfassung
The bill of exchange is extinguished normally by paying it at the maturity day, mainly by the main debtor – the accepter of the bill of exchange or the issuer of the payment order. If the bill of exchange is not honoured at the maturity day, the possessor has several options for action. The payment of the bill of exchange in most cases is obtained at its presentation by the possessor to the accepted drawer.