Section 65 - Hours for presentment, Section 66 - Presentment for payment of instrument payable after date or sight : Negotiable Instruments Act 1881

What is Hours for presentment? What is Presentment for payment of instrument payable after date or sight? Hours for presentment and Presentment for payment of instrument payable after date or sight are defined under Section 65 and 66 of Negotiable Instruments Act 1881

 

 

Section 65 of Negotiable Instruments Act 1881: "Hours for presentment"

Presentment for payment must be made during the usual hours of business, and, if at a banker's within banking hours.

 

Section 66 of Negotiable Instruments Act 1881: "Presentment for payment of instrument payable after date or sight"

A promissory note or bill of exchange, made payable at a specified period after date or sight thereof, must be presented for payment at maturity.

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