73 :
BILLS OF EXCHANGE . [ 9 OF 1885. ]
( 6. ) Where a bill is addressed to two or more drawees ,
who are not partners, presentment must be made
to thein all , unless one has authority to accept for
all, then presentment may be made to him only:
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( c. ) Where the drawee is dead, presentment may be made
to his personal representative:
( d .) Where the drawee is bankrupt, presentinent may be
made to him or to his trustee or assignee.
( e. ) Where authorised by agreement or usage, a present
ment through the Post Office is sufficient.
( 2.) Presentment in accordance with these rules is excused ,
and a bill may be treated as dishonoured by non -acceptancc
( n .) Where the drawee is dead or bankrupt, or is a
fictitious person or a person not having capacity to
contract by bill :
( 10.) Where, after the exercise of a reasonable diligence,
such presentment cannot be effected :
( c.) Where although the presentment has been irregular,
acceptance has been refused on some other ground.
( 3. ) The fact that the holder has reason to believe that the
bill , on presentment, will be dishonoured does not excuse
presentment.
42. ( 1. ) When a bill is duly presented for acceptance and Non-accept
lice .
is not accepted within the customary time, the person presenting
it must treat it as dishonoured by non-acceptance. If he do
not, the holder shall lose his right of recourse against the drawer
and indorsers .
43. ( 1. ) A bill is dishonoured by non -acceptance - Dishonour by
non -accept
( a .) When it is duly presented for acceptance, and such an ance and its
acceptance as is prescribed by this ordinance is consequences.
refused or cannot be obtained ; or
( 6. ) When presentment for acceptance is excused and the
bill is not accepted .
( 2.) Subject to the provisions of this ordinance when a bill
is dishonoured by non -acceptance, an immediate right of recourse
against the drawer and indorsers accrues to the holder, and no
presentment for payment is necessary.
44. ( 1. ) The holder of a bill may refuse to take a qualified Duties as to
acceptance, and if he does not obtain an unqualitied acceptance qualified .
may treat the bill as dishonoured by non -acceptance.