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Section 71 - Presentment when maker, etc., has no known place of business or residence, Section 72 - Presentment of cheque to charge drawer : Negotiable Instruments Act 1881

What is Presentment when maker, etc., has no known place of business or residence? What is Presentment of cheque to charge drawer? Presentment when maker, etc., has no known place of business or residence and Presentment of cheque to charge drawer are defined under Section 71 and 72 of Negotiable Instruments Act 1881

 

 

Section 71 of Negotiable Instruments Act 1881: "Presentment when maker, etc., has no known place of business or residence"

If the maker, drawee or acceptor of a negotiable instrument has no known place of business or fixed residence, and no place is specified in the instrument for presentment for acceptance or payment, such presentment may be made to him in person wherever he can be found.

 

Section 72 of Negotiable Instruments Act 1881: "Presentment of cheque to charge drawer"

Subject to the provisions of section 84, a cheque must, in order to charge the drawer, be presented at the bank upon which it is drawn before the relation between the drawer and his banker has been altered to the prejudice of the drawer.

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