Dishonour by Non- Payment {sec. 92}
A negotiable instrument is dishonoured by non- payment, when presentment for payment is excused and the instrument remain unpaid after maturity-
In case of Default in payment made by
| Promissory note | Maker of the note |
| Bill of Exchange | Acceptor of the bill. |
| Cheque | Drawee of the Cheque. |
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