Dishonour by non-acceptance
Full Text
Dishonour by non-acceptance.—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 dishonoured.
Plain English Summary
Defines when a bill of exchange is dishonoured by non-acceptance, including default by the drawee, qualified acceptance, or legal incompetence to contract.
Key Legal Elements
- Default in acceptance by drawee upon due presentment
- Non-acceptance where presentment for acceptance is legally excused
- Drawee being legally incompetent to enter into a contract
- Acceptance being qualified or conditional
Practical Note
Dishonour by non-acceptance triggers an immediate right of recourse against the drawer and prior indorsers even before the bill matures. An advocate representing a holder does not need to wait until the maturity date to initiate legal proceedings once non-acceptance is established.
हिंदी पाठ
अप्रतिग्रहण द्वारा अनादर।—विनिमय-पत्र का अप्रतिग्रहण द्वारा अनादर हुआ तब कहा जाता है जब प्रतिग्रहीता (drawee), या कई प्रतिग्रहीताओं में से कोई एक जो आपस में भागीदार नहीं हैं, बिल को स्वीकार करने की सम्यक् अपेक्षा किए जाने पर प्रतिग्रहण में चूक करता है, अथवा जहां उपस्थापन से छूट प्राप्त है और बिल स्वीकार नहीं किया जाता है।
जहां प्रतिग्रहीता संविदा करने के लिए अक्षम है, या प्रतिग्रहण सशर्त अथवा मर्यादित (qualified) है, वहां बिल को अनादृत माना जा सकता है।