A bill is said to be dishonored by non-acceptance when the :

CS CSEET · Business Laws and Management · PYQS · June 2026
A bill is said to be dishonored by non-acceptance when the :
(A) Drawee does not accept it within 48 hours from time of presentment
(B) Drawee does not accept it within 72 hours from time of presentment
(C) Drawer does not accept it within 90 hours from time of presentment
(D) Acceptance is an unqualified one

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Drawee does not accept it within 48 hours from time of presentment.

Topics: Negotiable Instruments Act, 1881

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic