Public Service Commission Act, 1997
R 385
Bills of Exchange Act, 1964 (Act No. 34 of 1964)Chapter IIIUnindorsed or irregularly indorsed instruments91. Presentment of note for payment |
(1)
| (a) | If a note is in the body of it made payable at a particular place, it must be presented for payment at that place to render the maker liable, unless the particular place mentioned is the place of business of the payee and the note remains in his hands. |
| (b) | In no other case is presentment for payment necessary in order to render the maker liable. |
| (2) | Presentment for payment is necessary to render the indorser of a note liable. |
| (3) |
| (a) | If a note is in the body of it made payable at a particular place, presentment at that place is necessary to render an indorser liable. |
| (b) | If a place of payment is indicated by way of memorandum only, presentment at that place is necessary to render an indorser liable: Provided that presentment to the maker elsewhere, if sufficient in other respects, shall be sufficient to render an indorser liable. |
