Legal Definitions - nonacceptance

Definition: Nonacceptance refers to the act of refusing or rejecting something, such as a contract offer or goods that do not meet contractual specifications. It can also refer to a drawee's failure or refusal to receive and pay a negotiable instrument.

• When the seller offered a contract to the buyer, the buyer's nonacceptance of the terms led to the deal falling through.
• The buyer's nonacceptance of the goods was due to the fact that they did not meet the specifications outlined in the contract.
• The drawee's nonacceptance of the negotiable instrument resulted in the payment not being made.

These examples illustrate how nonacceptance can occur in different contexts, such as in the negotiation of a contract or the payment of a bill. In each case, nonacceptance results in the rejection of something that was offered or expected, leading to consequences such as the termination of a deal or the non-payment of a debt.