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
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
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