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" Where the instrument is not payable on demand, presentment must be made on the day it falls due. Where it is payable on demand, presentment must be made within a reasonable time after its issue... "
McKinney's Consolidated Laws of New York Annotated: With Annotations from ... - Σελίδα 104
των New York (State) - 1917
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Everyday Law: A Plain Statement of the Elementary Principles of Law ...

Frederick Hampden Bacon - 1913 - 226 σελίδες
...presentment for payment is necessary in order to charge the drawer and indorsers. If the instrument is not payable on demand, presentment must be made on the day it falls due and if on demand a reasonable time after its issue, except in the case of a "bill of exchange" which...

McMaster's Commercial Decisions Affecting the Banker and Merchant ..., Τόμος 10

James Smith McMaster - 1907 - 750 σελίδες
...Todd. It established one rule, which was to be applicable to all cases, that where an instrument " is payable on demand presentment must be made within a reasonable "time after issue." No distinction was to be made, as theretofore, when the instrument was an interest-bearing...

Reports of Cases Argued and Determined in the Supreme Court of the ..., Τόμος 94

Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1920 - 832 σελίδες
...the note for payment on August 9, 1915, for Section 5904, LOL, provides that: "Where the instrument is not payable on demand, presentment must be made on the day it falls due": 8 CJ 533, 534, 548, 549. 3, 4. The plaintiff insists that she offered sufficient evidence to warrant...

American Business Law: With Legal Forms

John James Sullivan - 1920 - 512 σελίδες
...instrument is not payable on demand, presentment must be made on the.day it falls due. Where a note or check is payable on demand, presentment must be made within a reasonable time after its issue, but in the case of bills of exchange (other than checks) presentment for payment will be sufficient...

The Southeastern Reporter, Τόμος 103

1920 - 964 σελίδες
...reasonable time? Section 71 of the Negotiable Instruments Act (Code 1913, § 4242) says, when an instrument is payable on demand, "presentment must be made within a reasonable time after Its issue." What is a reasonable time depends upon the circumstances of each particular case. Bacon's Adm'r v....

The Pacific Reporter, Τόμος 183

1920 - 1022 σελίδες
...note for payment on August 9, 1915, for section 5904, LOL, provides that — "Where the instrument Í8 not payable on demand, presentment must be made on the day it falls due." 8 CJ 533, 534, 548, 549. [3, 4] The plaintiff insists that she offered .sufficient evidence to warrant...

Business Men's Laws of California

Walter Gould Lincoln - 1920 - 406 σελίδες
...keeps his tender good, except, of course, as to a holder in due course. 3152. Where the instrument is not payable on demand, presentment must be made on the day it fails due,- Where it is payable on demand, presen tmenJLmus^ be_made within a reasonable time after...

Report of Cases Determined by the Supreme Court of Appeals of West ..., Τόμος 86

West Virginia. Supreme Court of Appeals, Edgar P. Rucker - 1921 - 826 σελίδες
...NATIONAL BANK v, KIGIIT. 321 time? Section 71 of the Negotiable Instruments Act says, when an instrument is payable on demand, "presentment must be made within a reasonable time after its issue." What is a reasonable time depends upon the circumstances of each particular case. Bacon's Adm'rv Bacon's...

Digest of Legal Opinions of Thomas B. Paton: General Counsel of the American ...

Thomas Bugard Paton - 1922 - 782 σελίδες
...two added days. (1) Section 71 of the Negotiable Instruments Act provides that "where the instrument is not payable on demand, presentment must be made on the day it falls due." Section 85 provides that "instruments falling due on Saturday are to be presented for payment on the...

The Principles of the Law of Contracts and Torts: With a Short Outline of ...

Alured Nathaniel Myddelton Wilshere, John Indermaur, Alured Myddelton Wilshere - 1922 - 742 σελίδες
...payment.—If a bill is not duly presented for payment the drawer and indorsers are discharged. If the bill is not payable on demand presentment must be made on the day it falls due: if it is payable on demand, presentment must be made within a reasonable time after its issue in order...




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