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(1)A bill is duly presented for acceptance which is presented in accordance with the following rules:
(a)The presentment must be made by or on behalf of the holder to the drawee or to some person authorised to accept or refuse acceptance on his behalf at a reasonable hour on a business day and before the bill is overdue:
(b)Where a bill is addressed to two or more drawees, who are not partners, presentment must be made to them all, unless one has authority to accept for all, then presentment may be made to him only:
(c)Where the drawee is dead presentment may be made to his personal representative:
(d)Where the drawee is bankrupt, presentment may be made to him or to his trustee:
(e)Where authorised by agreement or usage, a presentment through [F1a postal operator] is sufficient.
(2)Presentment in accordance with these rules is excused, and a bill may be treated as dishonoured by non-acceptance—
(a)Where the drawee is dead or bankrupt, or is a fictitious person or a person not having capacity to contract by bill:
(b)Where, after the exercise of reasonable diligence, such presentment cannot be effected:
(c)Where, although the presentment has been irregular, acceptance has been refused on some other ground.
(3)The fact that the holder has reason to believe that the bill, on presentment, will be dishonoured does not excuse presentment.
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
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