Section 61 of NIA : Section 61: Presentment For Acceptance

NIA

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Explanation using Example

Imagine Jane issues a bill of exchange to Bob, which is payable 30 days after Bob has seen it (after sight). The bill does not specify where it should be presented. Jane needs to ensure that within a reasonable time after issuing the bill, she presents it to Bob for acceptance during normal business hours. If Jane fails to do so, and the bill's payment date arrives, she cannot hold Bob liable for non-payment because sh...

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Explanation using Example

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