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Home/Legislation/Bills of Exchange Act 1909/47

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Bills of Exchange Act 1909

47Non‑acceptance

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#### 47 Non‑acceptance When a bill is duly presented for acceptance and is not accepted within the customary time, the person presenting it must treat it as dishonoured by non‑acceptance. If the person does not, the holder shall lose his or her right of recourse against the drawer and indorsers.

Previous section46Rules as to presentment for acceptance and excuses for non‑presentment Next section48Dishonour by non‑acceptance and its consequences

Section 47 - Bills of Exchange Act 1909 - Non‑acceptance — Zoe