A.D. 1885.]
ceptance · bill, on accepted it as dis- I lose his n accept- annot be J ill is not Il is dis- against ment for I accept- reat the er or an to take a to, such ill. The ceptance. has been a quali- is dissent be duly and in- at which must be ne provi- in a rea- er liable. order to asonable
BILLS OF EXCHANGE.
[No. 3.
473
of
time, regard shall be had to the nature of the bill, the usage trade with respect to similar bills, and the facts of the particular
MISC:
(3.) presentment must be made by the holder, or by some person authorized to receive payment on his behalf, at a reasonable hour on a business day, at the proper place as hereinafter defined, either to the person designated by the bill as payer or to some person authorized 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 authorized 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 authorized by agreement or usage, a presentment through the Post Office is sufficient.
46. (1.) Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence. When the cause of delay ceases to operate, presentment must be made with reasonable diligence.
(2.) Presentment for payment is dispensed with---
(7.) where, after the exercise of reasonable diligence, presentment, as required by this Ordinance, cannot be effected.
Excuses for delay or non-presentment for payment.