FIR Online, download legal format. IPC, CPC, CrPC, IP, NI, CP Act

Section 69 - Instrument payable at specified place, Section 70 - Presentment where no exclusive place specified : Negotiable Instruments Act 1881

What is Instrument payable at specified place? What is Presentment where no exclusive place specified? Instrument payable at specified place and Presentment where no exclusive place specified are defined under Section 69 and 70 of Negotiable Instruments Act 1881

 

 

Section 69 of Negotiable Instruments Act 1881: "Instrument payable at specified place"

A promissory note or bill of exchange made, drawn or accepted payable at a specified place must, in order to charge the maker or drawer thereof, be presented for payment at that place.

 

Section 70 of Negotiable Instruments Act 1881: "Presentment where no exclusive place specified"

A promissory note or bill of exchange, not made payable as mentioned in sections 68 and 69, must be presented for payment at the place of business (if any), or at the usual residence, of the maker, drawee or acceptor thereof, as the case may be.

Home    About Us     Privacy Policy     Disclaimer      Sitemap