In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bills of Exchange Act · 2023 Revised Edition · Part 2
Bills of Exchange Act · 2023 Revised Edition · Part 2
Official textFrom Attorney General's Chambers, unchanged
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.
acceptance
“acceptance” means an acceptance completed by delivery or notification;
acceptance
“acceptance” means an acceptance completed by delivery or notification;
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
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