Presentment for payment: instalment notes must be presented on the third day after each due date; non payment treated as maturity. A promissory note payable by instalments requires presentment for payment on the third day after the date fixed for each instalment; non-payment on such ... Summary
Presentment for payment: instalment notes must be presented on the third day after each due date; non payment treated as maturity.
A promissory note payable by instalments requires presentment for payment on the third day after the date fixed for each instalment; non-payment on such presentment has the same effect as non-payment of a note at maturity.
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