Step 1: Understanding the Concept
A polyester has repeating ester (-COO-) links, formed from a diol with a diacid or a hydroxy acid.
Step 2: Detailed Explanation
Glyptal is made from ethylene glycol and phthalic acid, so it is a polyester. PHBV is a copolymer of 3-hydroxybutanoic and 3-hydroxypentanoic acids joined by ester links. Dacron (terylene) is made from ethylene glycol and terephthalic acid.
Novolac is a linear phenol-formaldehyde polymer with no ester groups, so it is not a polyester.
Final Answer:
Novolac is not a polyester, option (B).
\[ \boxed{\text{Novolac}} \]