ORDINANCE No. 9 or 1885 . 1867
Bills of Exchange.
A bill is duly 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 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 authorised
to pay or refuse payment can be found there, no further
presentment to the drawee or acceptor is required .
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