NIA Section 91

Negotiable Instruments Act

US
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NIAChapter VIII

S. 91

Dishonour by non-acceptance

Description

A bill of exchange is said to be dishonoured by non-acceptance when the drawee, or one of several drawees not being partners, makes default in acceptance upon being duly required to accept the bill, or where presentment is excused and the bill is not accepted.
Where the drawee is incompetent to contract, or the acceptance is qualified, the bill may be treated as dishnoured.

By Raman Devgan
Updated: 31 Oct 2022
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