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BILLS OF EXCHANGE ACT 1882 - SECT 45

Rules as to presentment for payment.

45. Subject to the provisions of this Act a bill must be duly presented for
payment. If it be not so presented the drawer and indorsers shall be
discharged.

A bill is duly presented for payment which is presented in accordance with the
following rules:

(1)Where the bill is not payable on demand, presentment must be made on the
day it falls due.

(2)Where the bill is payable on demand, then, subject to the provisions of
this Act, presentment must be made within a reasonable time after its issue in
order to render the drawer liable, and within a reasonable time after its
indorsement, in order to render the indorser liable.

In determining what is a reasonable time, regard shall be had to the nature of
the bill, the usage of trade with regard to similar bills, and the facts of
the particular case.

(3)Presentment must be made by the holder or by some person authorised to
receive payment on his behalf at a reasonable hour on a business day, at the
proper place as herein-after defined, either to the person designated by the
bill as payer, or to some person authorised to pay or refuse payment on his
behalf if with the exercise of reasonable diligence such person can there be
found.

(4)A bill is presented at the proper place

(a)Where a place of payment is specified in the bill and the bill is there
presented.

(b)Where no place of payment is specified, but the address of the drawee or
acceptor is given in the bill, and the bill is there presented.

(c)Where no place of payment is specified and no address given, and the bill
is presented at the drawee's or acceptor's place of business if known, and if
not, at his ordinary residence if known.

(d)In any other case if presented to the drawee or acceptor wherever he can be
found, or if presented at his last known place of business or residence.

(5)Where a bill is presented at the proper place, and after the exercise of
reasonable diligence no person authorised to pay or refuse payment can be
found there, no further presentment to the drawee or acceptor is required.

(6)Where a bill is drawn upon, or accepted by two or more persons who are not
partners, and no place of payment is specified, presentment must be made to
them all.

(7)Where the drawee or acceptor of a bill is dead, and no place of payment is
specified, presentment must be made to a personal representative, if such
there be, and with the exercise of reasonable diligence he can be found.

(8)Where authorised by agreement or usage a presentment through the post
office is sufficient.


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© 1882 Crown Copyright

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