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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.

 

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