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Section 143. When presentment for acceptance must be made - Negotiable Instruments Law

Section 143. When presentment for acceptance must be made of Negotiable Instruments Law. Section 143. When presentment for acceptance must be made.- Presentment for acceptance must be made- (a) Where the bill is payable after sight, o

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 143. When presentment for acceptance must be made.- Presentment for acceptance must be made-

(a) Where the bill is payable after sight, or in any other case, where presentment for acceptance is necessary in order to fix the maturity of the instrument; or

(b) Where the bill expressly stipulates that it shall be presented for acceptance; or

(c) Where the bill is drawn payable elsewhere than at the residence or place of business of the drawee.

In no other case is presentment for acceptance necessary in order to render any party to the bill liable.

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