ORDINANCE No. 9 OF 1885. 1873
Bills of Exchange.
(b.) When a bill drawn payable at the place of business or
residence of some person other than the drawee, has been
dishonoured by non- acceptance, it must be protested for
non-payment at the place where it is expressed to be
payable, and no further presentment for payment to , or
demand on, the drawee is necessary .
(7. ) A protest must contain a copy of the bill, and must be signed
by the notary making it, and must specify—
( a. ) The person at whose request the bill is protested :
(b. ) The place and date of protest, the cause or reason for
protesting the bill , the demand made, and the answer
given, if any, or the fact that the drawee or acceptor
could not be found .
( 8. ) Where a bill is lost or destroyed , or is wrongly detained from
the person entitled to hold it, protest may be made on a copy or written
particulars thereof.
( 9. ) Protest is dispensed with by any circumstance which would
dispense with notice of dishonour. Delay in noting or protesting 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 the bill must be noted or
protested with reasonable diligence.
52. ( 1. ) When a bill is accepted generally, presentment for pay Duties of
holder as
ment is not necessary in order to render the acceptor liable. regards
drawee or
(2. ) When by the terms of a qualified acceptance presentment for acceptor.
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.