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Section 150. Duty of holder where bill not accepted - Negotiable Instruments Law

Section 150. Duty of holder where bill not accepted of Negotiable Instruments Law. Section 150. Duty of holder where bill not accepted.- Where a bill is duly presented for acceptance and is not accepted within the prescribed tim

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 150. Duty of holder where bill not accepted.- Where a bill is duly presented for acceptance and is not accepted within the prescribed time, the person presenting it must treat the bill as dishonored by nonacceptanee or he loses the right of recourse against the drawer and indorsers.

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