ADVERTISEMENTS:
A bill of exchange can be dishonored by non-acceptance (Section 91) in the following ways:
1. If a bill is presented to the drawee for acceptance and he does not accept it within 48 hours from the time of presentment for acceptance.
2. When the drawee is a fictitious person or if he cannot be traced after reasonable search.
ADVERTISEMENTS:
3. When the drawee is incompetent to contract.
4. When a bill is accepted with a qualified acceptance.
5. When the drawee has either become insolvent or is dead.
6. When presentment for acceptance is excused and the bill is not accepted.
ADVERTISEMENTS:
7. When one or some of several drawees, not being partners make default in acceptance on being duly required doing so.