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Bills of Exchange Act · s 42
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Bills of Exchange Act · s 42
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Where a bill is duly presented for acceptance and is not accepted within the customary time, the person presenting it must treat it as
Bills of Exchange dishonoured by non-acceptance. If he does not, the holder shall lose his right of recourse against the drawer and indorsers.