| Commentary

18 Presentment

| Commentary

2: ACCEPTANCE

18 Presentment

It is in certain cases necessary to present a bill of exchange for acceptance in order to render the drawee liable on it1. It is unnecessary, and indeed not possible, to present a promissory note for acceptance2. Similarly, it is unnecessary to present a cheque for acceptance because of the contract implied between the drawer and the banker that the banker will honour cheques drawn on him by the drawer up to the limit of the account. The rules as to presentment for acceptance and excuses for non-presentment are to be found

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