Dishonour by non-payment.—A promissory note, bill of exchange or cheque is said to be dishonoured by non-payment when
92. Dishonour by non-payment.—A promissory note, bill of exchange or cheque is said to be dishonoured by non-payment when the maker of the note, acceptor of the bill or drawee of the cheque makes default in payment upon being duly required to pay the same.