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Section 75 - Presentment by or to agent, representative of deceased, or assignee of insolvent, Section 75A - Excuse for delay in presentment for acceptance or payment : Negotiable Instruments Act 1881

 

 

What is Presentment by or to agent, representative of deceased, or assignee of insolvent? What is Excuse for delay in presentment for acceptance or payment? Presentment by or to agent, representative of deceased, or assignee of insolvent and Excuse for delay in presentment for acceptance or payment are defined under Section 75 and 75A of Negotiable Instruments Act 1881

Section 75 of Negotiable Instruments Act 1881: "Presentment by or to agent, representative of deceased, or assignee of insolvent"

Presentment for acceptance or payment may be made to the duly authorized agent of the drawee, maker or acceptor, as the case may be, or, where the drawee, maker or acceptor has died, to his legal representative, or, where he has been declared an insolvent, to his assignee

 

Section 75A of Negotiable Instruments Act 1881: "Excuse for delay in presentment for acceptance or payment"

Delay in presentment for acceptance or payment is excused if the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct or negligence. When the cause of delay ceases to operate, presentment must be made within a reasonable time.

 

Negotiable Instruments Act 1881

CHAPTER V
OF PRESENTMENT

Section 61 - Presentment for acceptance

Section 62 - Presentment of promissory note for sight

Section 63 - Drawee's time for deliberation

Section 64 - Presentment for payment

Section 65 - Hours for presentment

Section 66 - Presentment for payment of instrument payable after date or sight

 

 

Section 67 - Presentment for payment of promissory note payable by installments

Section 68 - Presentment for payment of instrument payable at specified place and not elsewhere

Section 69 - Instrument payable at specified place

Section 70 - Presentment where no exclusive place specified

 

 

Section 71 - Presentment when maker, etc., has no known place of business or residence

Section 72 - Presentment of cheque to charge drawer

Section 73 - Presentment of cheque to charge any other person

Section 74 - Presentment of instrument payable on demand

Section 75 - Presentment by or to agent, representative of deceased, or assignee of insolvent

Section 75A - Excuse for delay in presentment for acceptance or payment

 

 

Section 76 - When presentment unnecessary

Section 77 - Liability of banker for negligently dealing with bill presented for payment

CHAPTER VI
OF PAYMENT AND INTEREST

Section 78 - To whom payment should be made

Section 79 - Interest when rate specified

Section 80 - Interest when no rate specified

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