45 Rules as to presentment for payment
Bills of Exchange Act 1882 (1882 c 61) | Legislation

45  Rules as to presentment for payment

Subject to the provisions of this Act a bill must be duly presented for payment. If it be not so presented the drawer and indorsers shall be discharged.

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 Act, 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

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