Presentment for acceptance requires presenting a bill payable after sight to drawee within reasonable time or it is dishonoured. A bill payable after sight must be presented to the drawee for acceptance by a person entitled to demand acceptance within a reasonable time and during business hours if the drawee can, after reasonable search, be found; failure to present excludes liability for the defaulting party, and inability to find the drawee after reasonable search constitutes dishonour. Where the bill directs presentment at a particular place, it must be presented there or be dishonoured; presentment by registered post is sufficient when authorized by agreement or usage.