The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-05-02


i! !. 3 4 N' i ESQ.,
slaNp where. Is BOT
Rsde On the day Il falls Is
within time aftss iIs
presentment for payment viii pc SUFFICIENT II
Hmade withina asonable time after the last
+ Sec e. lsvHAT CONSTITUTES sUF-
FICIENT PREsENTMENT.) .Presentment for
payment, to be sufficient. must pc madez7S :5
I.,,D By. the holder or by some person au-
i ~ AT a Reasonable hour on business
| : Cs} At a proper place as herein defined -
n r F. SO IS aen or
any person found at the place where the pre-
| sentiment is made. IL, @s@5SEss ~ s8z
Sec. 73.-(PLACE y OF. sPREsENTMENTl
lproper place T.>*'. ~ - :
q Where .aplaces Of payment is specified
t21 Where no place Of payment IS specified.
, but the address of the person to make pay
ment is given In the instrument and 1t is
there presented. = = Il ~
81 where no place of payment Is specified
is presented at the usual place Of business or
! ~ In any other case if presented to- the
person to m payment wherever rev. ne can be
! OF business or residence. = .>-'-,. =
Sec: 74-uNsTRUMENT MUST BE Elk
HIBITED) The Instrument must be exhibited
; to the person from whom payment IS demanded.
and when it is paid must be delivered upPo the
party paying It. >, .'
Sec. 75.-PREsENrMENT WHERE IN
the instrument is payable at a bank, present
ment for payment must be made during bank
ing hours, unless the person to make payment
has funds there to meet 1t at any time
during the day, in which case presentment at
any hour before the bank is closed on that
Sec. 7o-(PREsENrMEN WHERE PR1N-
CIPAL DEBTOR is DEAD) Where a per
son primarily liable. on the instrument Is
dead: and no place OF. payment Is specified,
his personal representative If such there be,
and If, with the exercise of reasonable
diligence. he can be found: ~ ,.,,s,
1i fts; As PARTNERs5 where the
persons primarily liable on the in,
no % place of payment o' Is speciaed presentnent
for payment may be made to any one Of them.
even IT.. though there has been dissolution OF
DEBToRs) Where there are several persons,
not partners s primarily liable On the ,nss.S-
SsS SwE5F cTREsH NE Dn MT
i Presentment for payment is not required
, in order to charge the drawer where he has no
or the sf aa the
REoU1RED 70 CHARGE The N.
DoRshR2 Prese a1 o for payment a,o !.
cepted for his accommodation and he has nc
reason to expect that the instrument will be
1N S. r s1MHEH Dn1 Is II MHR
ment is excused when the delay is
caused by circumstances beyond the control
fault. misconduct or negligence. When the
cause Of delay ceases to operate. present
set 9gst * Ss t S H
DISPENSED WITTY Presentment for pay
ment is dispensed with
diligence presentment as required by this act
u 81 BY waiver Of presentment. express OF
Sc: ss:-WaEN INsTKUMENr D1sHoN;
is dishonored by nonpayment when
a. 1t Is duly presented for payment and
IT, Presentment is excused and the instru-
men a is overdgs and , unpaid ID pnpsou src
|DIsHONORED) Subject to the provisions 0,
this act, when the instrument is dishonored by
to t ali parties seoondariiy ua6ie thereon ac
crues to the holder
Sec. S5-(IlME OF MATURITY Every ne
gotiable instrument is payable at the time f1xec
therein .. Without i GRACE: When the day Of ma:
instrument is payable on the next succeeding
becoming payable) on Saturday are to be pre-
sented for payment on the next succeeding
on demand may. at the option Of the holder
be presented for. payment before IL O'Clock
noon on saturday when that entire day ii
nG Sec g s ael.0aH HOW coMPurEp) Where
the instrument is payable at a nxed period
after date. after sight, or after the happen
Ing Of q specified event, the time Of pay
ment is determined by excluding the day from
which the time is to begin to run. and by
including the date Of .paymept.
PAYABLE At BANK Where the instrument
is made payable at bank 1t shall not be
equivalent to order to the bank to pay thu
same for the account Of the principal debto,
thereon.
Sec. ss.-(wHAT CONSTITUTED PAYMENT
IN DUE COURSE.) Payment Is made in due
, course when 1t is made at after the maturity
, Of the instrument to the holder thereof in good
, faith and without notice that his title IL de-
81 ARTICLE VII,