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When a bill is said to be dishonoured:
Where presentment is excused and the bill is not accepted
One of several drawees makes default in acceptance upon being duly required to accept the bill.
By non-acceptance by the drawee
All of the above.
None of these
Correct Option is All of the above.
Solution:A bill of exchange is said to be dishonoured by non-acceptance when the drawee, or one of several drawees not being partners, makes default in acceptance upon being duly required to accept the bill, or where presentment is excused and the bill is not accepted.
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