(a) A bill of exchange may be discharged in the following ways:
• Payment in due course
• Acceptor the holder at maturity or merger
• Cancellation
• Material alteration
• Non-presentation for payment
• Renunciation or waiver
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KNEC| KASNEB| KISM| Study notes and Revision materials for schools in Kenya. KNEC certificate courses, Diplomas, Higher Diplomas, KISM courses cpsp-k and aps-k, KASNEB cpa, atd, cs, cifa, ccp, dcm, cict and cict, Ksce and Kcpe
(a) A bill of exchange may be discharged in the following ways:
• Payment in due course
• Acceptor the holder at maturity or merger
• Cancellation
• Material alteration
• Non-presentation for payment
• Renunciation or waiver