BILLS OF EXCHANGE ACT 1882 - SECT 52 Duties of holder as regards drawee or acceptor.

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BILLS OF EXCHANGE ACT 1882 - SECT 52

Duties of holder as regards drawee or acceptor.

52.(1) When a bill is accepted generally presentment for payment is not
necessary in order to render the acceptor liable.

(2) When by the terms of a qualified acceptance presentment for payment is
required, the acceptor, in the absence of an express stipulation to that
effect, is not discharged by the omission to present the bill for payment on
the day that it matures.

(3) In order to render the acceptor of a bill liable it is not necessary to
protest it, or that notice of dishonour should be given to him.

(4) Where the holder of a bill presents it for payment, he shall exhibit the
bill to the person from whom he demands payment, and when a bill is paid the
holder shall forthwith deliver it up to the party paying it.

Funds in hands of drawee.

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Northern Irish Legislation

BILLS OF EXCHANGE ACT 1882 - SECT 52