Section 73 - Presentment of cheque to charge any other person, Section 74 - Presentment of instrument payable on demand : Negotiable Instruments Act 1881

What is Presentment of cheque to charge any other person? What is Presentment of instrument payable on demand? Presentment of cheque to charge any other person and Presentment of instrument payable on demand are defined under Section 73 and 74 of Negotiable Instruments Act 1881

 

 

Section 73 of Negotiable Instruments Act 1881: "Presentment of cheque to charge any other person"

A cheque must, in order to charge any person except the drawer, be presented within a reasonable time after delivery thereof by such person.

 

Section 74 of Negotiable Instruments Act 1881: "Presentment of instrument payable on demand"

Subject to the provisions of section 31, a negotiable instrument payable on demand must be presented for payment within a reasonable time after it is received by the holder.

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