1937_BILLS_OF_EXCHANGE_ORDINANCE__1885 — Page 17

HK Historical Laws 香港歷史法例 All AI Reviewed

BILLS OF EXCHANGE.

No. 3 of 1885.

205

(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 respect to similar bills, and the facts of the particular case;

(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...

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BILLS OF EXCHANGE. No. 3 of 1885. 205 (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 respect to similar bills, and the facts of the particular case; (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...

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BILLS OF EXCHANGE. No. 3 of 1885. 205 (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 respect to similar bills, and the facts of the particular case; (3) presentment must be made by the holder, or by some person authorized to receive payment on his behalf, at a reason- able 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 present- ment 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

2026-05-03 13:23:30 · Baseline

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BILLS OF EXCHANGE.

No. 3 of 1885.

205

(3) presentment must be made by the holder, or by some person authorized to receive payment on his behalf, at a reason- able 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--