What is Instrument payable at specified place? What is Presentment where no exclusive place specified? Instrument payable at specified place and Presentment where no exclusive place specified are defined under Section 69 and 70 of Negotiable Instruments Act 1881
A promissory note or bill of exchange made, drawn or accepted payable at a specified place must, in order to charge the maker or drawer thereof, be presented for payment at that place.
A promissory note or bill of exchange, not made payable as mentioned in sections 68 and 69, must be presented for payment at the place of business (if any), or at the usual residence, of the maker, drawee or acceptor thereof, as the case may be.
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