# Bills of Exchange Act 1882, Section 43: Dishonour by non-acceptance and its consequences.


(1) A bill is dishonoured by non-acceptance—
(a) when it is duly presented for acceptance, and such an acceptance as is prescribed by this Act is refused or cannot be obtained; or
(b) when presentment for acceptance is excused and the bill is not accepted.
(2) Subject to the provisions of this Act 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.

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Source: https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/43 (the official version)
Page: https://openlegislation.uk/bills-of-exchange-act-1882/section-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.