Presentation of Negotiable Instruments
Read Time:1 Minute, 1 Second
TOPIC- Presentation of Negotiable Instruments
Presentment of a negotiable instrument means presenting or showing a negotiable instrument to the drawee, maker or acceptor.
This presentment may be
(i) for acceptance,
(ii) for sight or,
(iii) for payment.
Presentment of acceptance:
Only certain types of bills of exchange require presentment of acceptance. The following bills must be presented for acceptance.
(i) A bill payable after sight or after presentment must be presented for acceptance so that date of maturity of the bill may be fixed.
(ii) A bill in which it has been expressly stipulated that it shall be presented for acceptance before payment.
However, a bill payable (a) on demand, or (b) on a fixed day, or (c) a certain number of days after date need not be presented for acceptance. Even in case where presentment for acceptance is optional, it is advisable to present the bill for acceptance so as to get (i) the benefit of additional security of drawee’s name on the bill, (ii) and immediate cause of action against the drawee for dishonour by non- acceptance.
You May Also Like To Read : Essentials Of A Negotiable Instrument
Thanks For Reading: Presentation of Negotiable Instruments
Powered By 360Presence
Our Websites
Our Websites
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
More Stories
Deviance
TOPIC- Deviance Deviance, in a sociological context, describes actions or behaviors that violatesocial norms, including formally-enacted rules (e.g., crime), as...
Juvenile Delinquency
TOPIC- Juvenile Delinquency INTRODUCTION The word “juvenile delinquency” has been differently analyzed by penologists. But generally speaking the term refers...
Economic abuse
TOPIC- Economic abuse Economic abuse is a form of abuse when one intimate partner has control over the other partner's...
Verbal abuse
TOPIC- Verbal abuse Verbal abuse is a form of emotionally abusive behavior involving the use of language. Verbal abuse can...
Emotional Abuse
TOPIC- Emotional Abuse Emotional abuse (also called psychological abuse or mental abuse) can include humiliating the victim privately or publicly,...
Marital Rape
TOPIC- Marital rape Marital rape, also known as spousal rape, is non-consensual sex in which the perpetrator is the victim's...
Average Rating