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 : Negotiable Instruments Act 1881

What is Presentment for payment of promissory note payable by installments? What is Presentment for payment of instrument payable at specified place and not elsewhere? Presentment for payment of promissory note payable by installments and Presentment for payment of instrument payable at specified place and not elsewhere are defined under Section 67 and 68 of Negotiable Instruments Act 1881

Section 67 of Negotiable Instruments Act 1881: "Presentment for payment of promissory note payable by installments"

A promissory note payable by installments must be presented for payment on the third day after the date fixed for payment of each installment; and non-payment on such presentment has the same effect as non-payment of a note at maturity.

Section 68 of Negotiable Instruments Act 1881: "Presentment for payment of instrument payable at specified place and not elsewhere"

A promissory note, bill of exchange or cheque made, drawn or accepted payable at a specified place and not elsewhere must, in order to charge any party thereto, be presented for payment at that place.