Presentment for payment: instruments payable after date or sight must be presented for payment at maturity. A promissory note or bill of exchange made payable at a specified period after date or after sight must be presented for payment at its maturity; the holder's obligation to seek payment arises only when the specified period has elapsed and the instrument has reached maturity, making maturity the event that triggers the duty of presentment for payment under negotiable instruments law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Presentment for payment: instruments payable after date or sight must be presented for payment at maturity.
A promissory note or bill of exchange made payable at a specified period after date or after sight must be presented for payment at its maturity; the holder's obligation to seek payment arises only when the specified period has elapsed and the instrument has reached maturity, making maturity the event that triggers the duty of presentment for payment under negotiable instruments law.
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