; :; 1 [ 9 of 1885. ) BILLS OF EXCHANGE .
(2.) Where a qualified acceptance is taken , and the drawer
or an indorser bas not expressly or impliedly authorised the
holder to take a qualified acceptance, or does not subsequently
assent thereto, such drawer or indorser is discharged from his
liability on the bill.
The provisions of this sub -section do not apply to a partial
acceptance, whereof due notice has been given. Where a foreign
bill has been accepted as to part, it must be protested as to
the balance.
( 3.) When the drawer or indorser of a bill receives notice of
a qualified acceptance, and does not within a reasonable time
express his dissent to the holder he shall be deemed to have
assented thereto.
Rules as to
presentment
45. Subject to the provisions of this ordinance a bill must
for payment. be duly presented for payment. If it be not so presented the
drawer and indorsers shall be discharged.
A bill is duiy 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 ordinance, 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 hereinafter defined , either to the
person designated by the bill as payer, or to some
person authorised to pay or refuse payment on bis
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.
(l..) 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.