- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(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 the post office 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.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: