Dishonour by non-acceptance takes place

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Examveda

A. When the bill is properly presented for acceptance, except where presentment is excused, but the drawee makes the default in accepting it

B. When the bill is properly presented for acceptance, except where presentment is excused, but the drawee makes the default in paying it

C. When the bill is properly presented for payment, except where presentment is excused, but the drawee fails to accept it

D. None of the above

Answer: Option A

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